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    Home > Chemicals Industry > New Chemical Materials > Shanghai copper afternoon review on February 6

    Shanghai copper afternoon review on February 6

    • Last Update: 2022-12-08
    • Source: Internet
    • Author: User
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    Today's Shanghai copper main force continued to fall overnight continued to pullback, in the morning once rushed to stand on the 53,000 yuan of first-line support, and then fell back again back to the recent weekly low, with the Spring Festival approaching, the overall market demand generally weakened, in the dollar index and supply slightly tight support, copper prices in the short term difficult to have a significant downward risk, it is expected that this week copper prices remain weak shock, weak trend is difficult to improve
    .

    Shanghai copper

    In terms of the market, today's morning domestic commodity market made up for the fall, Shanghai copper opened down, from around 52900 yuan / ton until around 52550 yuan / ton to show stability, the morning market from the plate below 52700 yuan / ton when the initial slow decline, flat water copper quotation discount 30 ~ 20 yuan / ton, good copper flat water ~ 10 yuan / ton, the transaction is good
    .
    Immediately, the holder raised the price to 20 yuan / ton of good copper premium, and 10 yuan / ton of flat water copper, but the transaction was difficult to compare with the morning market
    .
    Traders favor good copper, and under the background of maintaining a stable monthly spread of 270 yuan / ton in the delivery cycle, the receipt warehouse receipt is used for delivery
    .
    The downstream purchase volume gradually decreased, and the transaction volume decreased
    significantly compared with yesterday.

    Scrap copper market, the market supply is obviously in short supply, the current holders of goods at a high price, downstream more turn to a continuous holiday state, under the dual influence of strict environmental protection investigation and scrap seven types of copper policy, supply and demand are slightly deadlocked, trading has not improved
    .

    Today's copper prices continue to pullback, as pre-holiday consumption gradually weakens, downstream manufacturers are more prepared for the holiday, most of the holders continue to ship, but generally turn to sell, the overall supply of the market has not been tight, some downstream manufacturers pre-holiday stocking positively, a large number of pre-holiday stocks have not appeared, most of them still insist on bargain adoption, it is expected to continue or show signs of weakness in the middle of this week, downstream stocking needs to be advanced or postponed to the next year
    .

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