November 6 copper market noon review

Today's Shanghai electrolytic copper spot contract reported a premium of 80 ~ 120 yuan / ton, flat water copper trading price of 47300 yuan / ton ~ 47350 yuan / ton, and premium copper trading price of 47320 yuan / ton ~ 47370 yuan / ton
.
Overnight, the Shanghai copper rush was blocked, and the center of gravity moved up above
47200 yuan / ton.
Copper prices are higher, superimposed on high premiums, inhibiting downstream goods, morning market holders continue yesterday's aggressive quotation premium 100 ~ premium 130 yuan / ton, more than 100 yuan of premium traders are difficult to buy, after a period of deadlock holders are forced to lower the quotation, flat water copper adjusted to about 90 yuan / ton, good copper rarely changed, holders rely on the willingness to raise prices, maintain at 110 ~ premium 120 yuan / ton range, but the activity is significantly reduced compared with the previous two days, downstream maintenance of rigid demand, wet copper maintained at 20 ~ premium The premium is 40 yuan / ton range
.

Copper is rising, trade speculation activity is low, and there is no profit margin
due to high premiums.
However, the recent easing of funds, the cost of funds has declined, and the import ratio has declined, the import window has been closed for half a month, and whether the subsequent import window can be opened still needs continued attention, from the perspective of traders, there is still a willingness to receive goods, but the holders are not willing to over-reduce the increase in the range, and the recent transaction may return to a stalemate and
tug-of-war.