October 22 copper market noon review

Copper market summary: Trade talks show positive signs to boost the market, London copper closed up $21 overnight, protests in Chile, the world's largest copper mine will hold a strike to cause supply concerns, copper is expected to rise
slightly today.

Today's Shanghai electrolytic copper spot contract reported a premium of 60 ~ 100 yuan / ton, the transaction price of flat water copper was 47140 yuan / ton ~ 47180 yuan / ton, and the trading price of premium copper was 47160 yuan / ton ~ 47200 yuan / ton
.
Shanghai copper fluctuated
in a narrow range around 47100 yuan / ton.
Due to the problem of tax stamp system upgrade tickets suspended on the 25th of this month, there is still a willingness to raise the price of the current month's tickets, and the morning market quotation is 80 ~ 100 yuan / ton, but the spot market buying is still weak, and the holders are forced to lower the quotation by 70 ~ 90, and the transaction is still waiting and seeing
.

In the second trading stage, the transaction was blocked, and the holder took the initiative to reduce the quotation again, the quotation of good copper was as low as 80 yuan / ton of premium, the price of flat water copper was generally adjusted to around 60 yuan / ton, and the price of wet copper was concentrated at 30 ~ 50 yuan / ton
.
Next month, the ticket quotation accounts for an increase in the proportion of the market, and the fare difference between it and the current month is 20~30 yuan / ton
.
Copper prices are high, superimposed on sufficient supply, weak buying, market fear of heights, traders speculate cautiously, and downstream actual consumption is weak
.
Tomorrow, next month, the proportion of tickets will further increase, and the SMM quotation space will also be enlarged
.