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November 20 copper market noon review

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

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Copper market summary: China's counter-cyclical adjustment to boost the market, overnight London copper closed up $61, global copper dominant inventory at a low level, domestic grid investment is expected to further strengthen, is expected to rise today
.

Copper City

Today's Shanghai electrolytic copper spot contract reported a premium of 100 ~ 140 yuan / ton, the trading price of flat water copper was 47160 yuan / ton ~ 47190 yuan / ton, and the trading price of premium copper was 47180 yuan / ton ~ 47220 yuan / ton
.
Overnight, London copper rose sharply, Shanghai copper was boosted again returned to above 47,000 yuan / ton, today Shanghai copper hovered
along the 47,100 yuan / ton line.

Spot market holders are willing to exchange cash at high prices, the quotation premium is 110 ~ 140 yuan / ton, but the market willingness to receive goods is low, few transactions, holders have no choice but to lower the quotation, flat water copper directly dropped to 100 yuan / ton, good copper quotation from the premium 140 to the premium 120 yuan / ton nearby, after the low replenishment of the previous days, downstream consumption is afraid of high stop, wet copper maintenance yesterday quotation premium 50 ~ premium 70 yuan / ton
。 Copper rises, market trade speculation and downstream consumption are showing a cautious wait-and-see attitude, more shippers receive less, and there is room for price reduction, today's CESCO meeting, the market trade atmosphere is light, the delivery source will gradually flow out after the week, and the spot premium will be under pressure
.

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