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May 15 Copper Market Afternoon Review

 Last Update: 2022-12-18
 Source: Internet
 Author: User

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Copper market afternoon commentary: tight supply expectations support oil prices soared to boost commodities, overnight London copper shock after closing up $1, overseas demand recovery slowly, short-term copper market fundamental support is limited, copper today or slightly higher
.

Copper City

Today's Shanghai electrolytic copper spot contract reported a premium of 30 ~ 80 yuan / ton, the trading price of flat water copper was 43260 yuan / ton ~ 43400 yuan / ton, and the trading price of premium copper was 43280 yuan / ton ~ 43420 yuan / ton
。 Shanghai copper main upward rush hindered 43200 yuan / ton after falling back to around 43100 yuan / ton, today is the last trading day of the 2005 contract, the next month spread continues to narrow, frequently passive in the 70 ~ 100 yuan / ton range, but the market has been quoted on the 2006 contract, good copper to the 2006 contract quotation premium 140 ~ premium 160 yuan / ton, flat water copper premium 130 ~ premium 150 yuan / ton, wet copper premium 90 ~ premium 110 yuan / ton, low price transaction shows
。 The market quoted the 2005 contract in the month and concentrated on the premium 30 ~ premium 80 yuan / ton
.

Downstream to maintain just need to receive goods, speculative traders favor flat water copper, low premium trading activity is acceptable, today's bargain trading continues to improve, spot inventory continues to decline sharply, showing that downstream orders and demand are stable, traders speculation is not reduced, next Monday after the month will still be strong
.

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