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May 19 Copper Market Afternoon Review

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

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Copper market noon comment: vaccine research and development optimistic before the market sentiment, overnight London copper climbed sharply to close up more than 3%, domestic social inventories continued to decline, demand recovery to support prices, is expected to rise today
.

Copper City

Today's Shanghai electrolytic copper spot contract reported a premium of 180 ~ 210 yuan / ton, a flat water copper trading price of 44020 yuan / ton ~ 44090 yuan / ton, and a premium copper trading price of 44030 yuan / ton ~ 44100 yuan / ton
.

In early trading, Shanghai copper opened high and went high to 44,000 yuan / ton
.
After the change of month, the market gradually entered the long order delivery stage, and in the past two months, the domestic copper inventory has declined significantly, the Shanghai inventory output has continued to be high, the morning holders raised the price of the water sentiment further fermented, the quotation was as high as 180 ~ 200 yuan / ton, the morning market bought strongly, the transaction was enthusiastic, the holder rose again, the flat water copper quotation premium 190 ~ 200 yuan / ton, good copper quotation as high as 210 yuan / ton, but the transaction activity has not been further improved, the market temporarily stopped, so that the quotation maintained the premium 190 ~ 210 yuan / Ton horizontal
.
The downstream maintains rigid demand, and wet copper is mostly traded
at 160 yuan / ton of premium.
Today's futures are now rising, the low premium supply in the morning market attracts an influx of trade buying, and the intention of holders to push up the water is not exhausted, but traders follow up and stop, and the pace of pushing the premium will slow down
.

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