May 8 Copper Market Afternoon Review

Today's Shanghai electrolytic copper spot contract reported a premium of 100 yuan / ton ~ 140 yuan / ton, flat water copper trading price of 43550 yuan / ton ~ 43610 yuan / ton, and premium copper trading price of 43570 yuan / ton ~ 43630 yuan / ton
。 Today's external market closed Shanghai copper continued a strong rebound trend, following yesterday's rush of 43,000 yuan / ton, today continues to rush to more than 43,500 yuan / ton, up more than 500 yuan / ton, an increase of nearly 1.
5%, holders to high cash exchange, although the morning market to premium 120 ~ liter 140 yuan / ton to start the quotation, but soon there was a tide of price reduction, flat water copper took the lead to drop to a premium of about 110 yuan / ton, good copper surface top in the premium 130 yuan / ton, but the market is lacking,
。

Entering the second trading stage, flat water copper has a premium of 100 yuan / ton, good copper price adjustment premium of 120 yuan / ton, but the actual transaction in the cautious wait and see can still be suppressed, especially by the end of the afternoon market, has been heard quotation premium 90 ~ 110 yuan / ton, today downstream purchase volume is less, wet method as low as 60 yuan / ton of premium
.
The LME was closed due to the bank holiday, the Shanghai copper rushed higher, the actual transaction of the market was more wait-and-see, the seller took the initiative to exchange cash and sell the source, and strive to complete the transaction, the buyer still showed a stop, and the transaction showed the characteristics
of oversupply over the weekend on the weekend.