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Copper market summary: oil prices continue to rise to drive commodities, the next week London copper closed up $24, optimistic news from the Sino-US trade situation, coupled with scrap copper supply contraction expectations to support prices, copper is expected to rise
slightly today.
Today's Shanghai electrolytic copper spot contract discount of 10 ~ liter 20 yuan / ton, flat water copper transaction price 47340 yuan / ton ~ 47390 yuan / ton, liter copper trading price 47360 yuan / ton ~ 47400 yuan / ton
。 Shanghai copper high open low morning plate blocked 47400 yuan / ton line, morning holder quotation to stick to flat water ~ 30 yuan / ton, but in the copper price high plus all VAT tickets stop opening, downstream is difficult to enter the market to receive goods, and traders are willing to receive goods in the larger discount level, lack of trading, the overall quotation loose decline, good copper adjustment to 10 ~ liter 20 yuan / ton nearby, flat water copper discount 10 yuan / ton, transaction slightly improved, wet copper source stable at discount 40 ~ Discount 30 yuan / ton range
.
Traders intend to receive goods at more discounts, while holders have not increased the price reduction and are eager to exchange cash, good copper and flat water copper have little price difference, buyers and sellers are deadlocked and tug-of-war is obvious, and the spot trade trading atmosphere is difficult to improve
for the time being.