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    Home > Chemicals Industry > New Chemical Materials > September 10 Copper Market Afternoon Review

    September 10 Copper Market Afternoon Review

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    The U.
    S.
    August seasonally adjusted non-farm payrolls increased by 201,000 higher than the expected 191,000, mainly driven by construction, wholesalers and business services, the data strongly boosted the dollar on Friday, the next week London copper volatility lower, the latest closing price at 5880 yuan / ton, down $29, or 0.
    48%.

    In the domestic copper market, Shanghai copper fluctuated on Friday evening, and the latest closing price of the main monthly 1811 contract was 47650 yuan / ton, down 30 yuan, or 0.
    06%.

    Copper City

    Shanghai copper pressure daily average moved down hovering around 47,700 yuan / ton, the Shanghai ratio remained stable at 8.
    1 in the first line, the import window maintained a profitable state, so that the holders enthusiastically shipped, the morning quotation premium 60 ~ 100 yuan / ton, due to the lack of strong buying, the holder took the initiative to lower the quotation, flat water copper took the lead to reduce the premium to 30 yuan / ton transaction to improve, good copper down to the premium 80 yuan / ton
    .
    Due to the large supply of goods in the market, especially the obvious increase in imported copper sources, the characteristics of oversupply are obvious
    .
    In the second trading session, flat water copper was reduced to 20 yuan / ton of premium, and there was still room for price pressure, and the reduction range of good copper was expanded to about 60 yuan / ton, and the price of wet copper was extended to 40 yuan / ton
    from flat water.
    The source of imported copper in the market is increasing day by day, which has an impact on spot transactions, and the increase in the range of premium reduction increases, if the import profit window continues to open, and the plate is difficult to maintain stability, the subsequent premium may have room for continuous decline
    .
    Pay attention to recent changes in the ratio
    .

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