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November 21 copper market noon review

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

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Copper market summary: The decline in the global stock market dragged down the market, overnight London copper closed down $26, the agency expects that next year copper market still has a gap between supply and demand, domestic scrap copper imports continue to shrink to provide bottom support, today copper or limited rise and fall
.

Copper City

Today's Shanghai electrolytic copper spot contract reported a premium of 60 ~ 100 yuan / ton, flat water copper trading price of 47030 yuan / ton ~ 47070 yuan / ton, and premium copper trading price of 47050 yuan / ton ~ 47100 yuan / ton
.
Shanghai copper is sorted
along the line of 47,000 yuan / ton.
Holders once again showed a sell-in sentiment, the morning market quotation is in the premium 80 ~ liter 110 yuan / ton, but it is difficult to have a transaction, the market buying is lacking, low activity, the quotation shows a downward trend, good copper no one cares all the way down to the premium 80 yuan / ton, flat water copper is even more because of the lack of buying, few inquirers, the holder directly dropped to the premium 60 yuan / ton line, downstream to maintain just demand, wet copper followed the market all the way down from the premium 40 to the premium 10 ~ 20 yuan / ton range
.

Traders have concentrated shipments, the characteristics of oversupply are obvious, and there is room for price reduction
.
Near the end of the year, the industry conference is concentrated, some large traders this year trade long order delivery has been basically completed, the market trade atmosphere is gradually weakening, and the center of gravity is still around 47,000 yuan / ton, so that trade and downstream willingness to receive goods is seriously lacking, the pressure of the premium has fallen significantly
.

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