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    Home > Chemicals Industry > New Chemical Materials > May 18 Copper Market Afternoon Review

    May 18 Copper Market Afternoon Review

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    Inventories climbed again, the dollar index was strong, copper prices were slightly under pressure upward weakness, London copper stood firm at $6800 a line, Shanghai copper main force continued to rise in early trading, but the current copper market fundamentals are relatively lacking, demand is slightly slowed down, refined copper production increases, or inhibit short-term copper price gains, technical temporarily no obvious resistance, we expect Shanghai copper today to continue a narrow range of shock, 51,000 yuan support level temporarily stable
    .

    Copper City

    Spot market, inventory continues to fall, demand side changes little, with the low rebound of copper prices, holders shipments continue to increase, the current copper price back to steady climbing, the supply of goods is still relatively abundant, most of the holders of the price of shipment-based, downstream with rising confidence is insufficient, the willingness to receive goods slightly declined, today Guangdong electrolytic copper trading premium is obviously deadlocked, downstream on the future market consumption weakening is particularly worried, stock demand is not sufficient, the overall market trading atmosphere is more general
    .

    Scrap copper market, the market supply is obviously in short supply, because the import source can not be replenished, the current holders of high prices and high premium shipments, because the price difference of refined waste continues to narrow, most of the downstream turn to the purchase of high-quality electrolytic copper, conducive to the further increase in consumption demand for electrocopper, because the current premium is too high, downstream shutdown and production reduction phenomenon increases, holders continue to sell, the transaction atmosphere continues to weaken
    .

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