October 8 Shanghai copper afternoon review

The uncertainty of spot quotation on the first day after the holiday is high, and the morning market holders try to quote more than 150 yuan / ton, but it belongs to the wishful thinking of the holders, the degree of inflated height is high, the market responds little, lack of interest, so the market opens the diving downward adjustment mode, the holders reduce the copper premium by about 110 yuan / ton, flat water copper around the premium 60 ~ 70 yuan / ton, only to show the willingness
to trade 。 In the second section of the trading stage, in the context of the high willingness of cargo holders to ship, good copper from the premium around 100 yuan / ton directly down to the premium of 80 yuan / ton to have a slow downward trend, flat water copper followed down to the premium 40 ~ 50 yuan / ton, the transaction has improved, wet copper quotation from 50 yuan / ton to near flat water, individual downstream a small amount of replenishment of wet copper, individual trade volume a small amount of price replenishment flat water copper, good copper premium high transaction is more difficult, at the end of the afternoon market, good copper has heard the quotation premium 60 ~ 70 yuan / ton
。 At present, the price difference is still more than 200 yuan / ton, after this week gradually entered the delivery cycle of the current month's contract, today's imported copper profit window is still open, the decline in premium is the trend within the week, today's downstream replenishment has not yet fully expanded, the market premium reduction rate to see the inventory after the holiday and the speed of
downstream replenishment.