echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > September 2 copper market noon review

    September 2 copper market noon review

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Copper market summary: the dollar climbed intraday once broke through the 99 mark, the next week London copper closed down $55 under pressure, China's manufacturing data unexpectedly fell slightly, demand pressure remains, spot copper is expected to fall
    slightly today.

    Copper City

    Today's Shanghai electrolytic copper spot contract reported a premium of 70 ~ 100 yuan / ton, the transaction price of flat water copper was 46600 yuan / ton ~ 46640 yuan / ton, and the trading price of premium copper was 46620 yuan / ton ~ 46660 yuan / ton
    .
    Shanghai copper pressure fell slightly to 46,500 yuan / ton
    .

    Entering the first trading day of September, the market is full of expectations for consumption in September, inventory is also a sharp decline, the market price atmosphere is strong, the morning market inquiry atmosphere is active, traders receive goods positively, the morning market quotation premium 70 ~ premium 110 yuan / ton, good copper premium more than 100 yuan transaction blocked, good copper adjusted to premium 90 ~ premium 100 yuan / ton, especially the premium 90 yuan / ton transaction is acceptable, flat water copper premium 70 yuan / ton transaction is active, the second trading session, It is difficult to find a flat water copper premium of 70 yuan, and the market generally raises the price of 80 yuan / ton
    of premium.
    There are limited people who have entered the downstream active market, and some imported wet copper has arrived, and the quotation is difficult to show last week's firmness, and the premium is gradually lowered at 10 ~ 30 yuan / ton
    .
    On the first trading day of September, under the guidance of traders, trading is positive, there will be a Mid-Autumn Festival holiday in mid-September, as well as the National Day long holiday, the market has certain expectations for consumption, and the characteristics of the price trend of holders are obvious
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.