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November 15 copper market noon review

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

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Copper market summary: China's economic fundamentals are still weak to hit market sentiment, overnight London copper closed down $29 to a nearly one-month low, industrial production downward pressure is greater, market demand is insufficient, copper is expected to fall
today.

Copper City

Today's Shanghai electrolytic copper spot contract reported a premium of 100 ~ 160 yuan / ton, the trading price of flat water copper was 46860 yuan / ton ~ 46990 yuan / ton, and the trading price of premium copper was 46900 yuan / ton ~ 47010 yuan / ton
.
Shanghai copper continued to fall after losing all moving averages, bottoming out to a low of 46,700 yuan / ton, and copper prices sorted out
along the 46,800 yuan / ton line today.

Today is the last trading day of the 1911 contract, and the price difference in the next month is frequently passive in the range of 20~50 yuan / ton, but the market has quoted the 1912 contract, good copper to the 1912 contract quotation premium 100 ~ 110 yuan / ton, flat water copper premium 80 ~ liter 90 yuan / ton, wet copper premium 20 ~ liter 40 yuan / ton, the transaction is
acceptable.
The market's quotation for the 1911 contract of the month is concentrated between 110 ~ 160 yuan / ton
.
Today's copper price fell sharply, the downstream active market receipt volume increased significantly, speculative traders favored flat water copper, activity increased accordingly, today's bargain trading continued to improve
.
After tomorrow's moon change, it is difficult to have room for water to be
lowered.

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