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November 14 copper market noon review

 Last Update: 2022-12-17
 Source: Internet
 Author: User

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Copper Market Summary: Trade outlook doubts brought back risk aversion, London copper closed down $24 to a two-week low overnight, global demand side performance was weak, domestic terminal consumption fell year-on-year, copper is expected to continue to decline
slightly today.

Copper City

Today's Shanghai electrolytic copper spot contract reported a premium of 130 ~ 160 yuan / ton, the transaction price of flat water copper was 47000 yuan / ton ~ 47030 yuan / ton, and the trading price of premium copper was 47020 yuan / ton ~ 47050 yuan / ton
.
Shanghai copper broke 47,000 yuan / ton after losing all moving averages, spot market traders continued yesterday's strong push up the trend
.
The morning market premium quotation is high at 150 yuan - 170 yuan / ton, the actual concentrated transaction in flat water copper premium 130 ~ 140 yuan / ton, good copper premium 150 ~ 160 yuan / ton, traders are active in inquiry, but under the premise of no further price reduction, the willingness to trade has declined, and the willingness of holders to exchange high premium for cash has been strengthened
.
Some downstream bargain hunting continued to replenish, so that wet copper concentrated at 70 ~ 80 yuan / ton
.

Copper fell downstream consumer enterprises slightly improved on the dip, value-preserving traders in the context of the market pullback spot high premium willingness to exchange, tomorrow's last trading day of the current month contract, the next month price spread today narrowed to 50 yuan / ton line, to a certain extent inhibited the current spot premium upside space
.

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