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    Home > Chemicals Industry > New Chemical Materials > October 19 copper market noon review

    October 19 copper market noon review

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    At the EU summit, the negotiations between the United Kingdom and the EU reached an impasse, the market feared that tensions between the United States and Saudi Arabia intensified, global stock markets fell risk-off sentiment, overnight London copper fell under pressure, the latest closing price at 6132 yuan / ton, down 89 US dollars, down 1.
    42%, the volume of 17173 hands decreased by 459 lots, and the position 311869 hands decreased by 2480 lots
    .
    In the domestic copper market, Shanghai copper continued to be weak in the evening, and the latest closing price of the main monthly 1812 contract was 50010 yuan / ton, down 140 yuan, or 0.
    28%.

    Copper City

    Today's Shanghai electrolytic copper spot contract discount of 60 yuan / ton ~ discount 20 yuan / ton, flat water copper transaction price 49980 yuan / ton ~ 50060 yuan / ton, premium copper trading price 50000 yuan / ton ~ 50080 yuan / ton
    .
    The US dollar index continued to rise, Shanghai copper fell again, weak hovering at the 50,000 yuan mark, the morning market inquiry was positive, and some downstream buying initiative increased
    after the market decline.
    Today's holder quotation discount 60 ~ discount 30 yuan / ton, downstream bargain buying mainly, quotation tends to maintain stability, good copper transaction concentrated in discount 40 ~ 20 yuan / ton, flat water copper minimum price can be pressed to discount about 60 yuan / ton, wet copper quotation maintenance stability discount 160 to discount 140 yuan / ton, low-end imported copper PSA, Bulgaria can be bought at a low price to discount more than 100 yuan, storage price space
    。 Copper prices have not yet stabilized, the market is dominated by bargain hunting, compared with the previous two days of trading cautious wait-and-see pattern has improved, and the willingness of holders to sell goods has also decreased accordingly, so the short-term market discount performance will show stability, supply and demand are again deadlocked
    .

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