October 26 copper market noon review

Today's Shanghai electrolytic copper spot contract discount of 120 yuan / ton ~ discount 70 yuan / ton, flat water copper trading price 49800 yuan / ton ~ 49920 yuan / ton, premium copper trading price 49820 yuan / ton ~ 49950 yuan / ton
.
Shanghai copper pressure 50,000 mark is weak and volatile, morning market holders quoted a discount of 100~60 yuan / ton, the market stopped and watched, and reacted cautiously
.
Small and medium-sized traders in the environment of still under financial pressure, once again there is a sharp downward trend, good copper took the lead in reducing the quotation discount of 90 ~ 80 yuan / ton, flat water copper followed to a discount of 110 yuan / ton, although the holder maintained an enthusiastic shipment trend, but the response was still dismal
.

In the second trading period, the flat water copper quotation discount is 120 yuan / ton, but there is still room for low price, good copper quotation discount around 100 yuan / ton, wet copper in a large number of low price dumping by individual traders, the quotation from the morning discount 170 ~ 180 yuan / ton to around
210 yuan / ton.
The market supply is abundant, the discount under the oversupply is rapidly declining, the market activity is reduced, the downstream is difficult to have optimistic expectations for the future market price, the market stops and waits to increase, and the trend of expanding the discount of spot in the future market will become more prominent
.