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On Friday, the main contract of Shanghai copper gaped to open at 41,800 yuan / ton, and the short position reduction operation pushed up copper prices, and then bulls helped copper prices rise to a high of 42,390 yuan / ton
.
At this time, copper prices fell slightly and the center of gravity stabilized at 42230 yuan / ton, and closed at 42210 yuan / ton
at midday.
At the beginning of the afternoon, copper prices rose slightly and fell back to 42170 yuan / ton position, and the bears left the market at the end of the day, copper prices rose slightly, closing at 42280 yuan / ton, up 790 yuan / ton, up 1.
90%.
In the spot market, the Shanghai copper gap opened to 42,300 yuan / ton on the first line
.
The morning market spot quotation continued the previous day's quotation, good copper quotation premium 170 ~ premium 180 yuan / ton, the high rise of copper made the market difficult to trade, and then adjusted to 160 ~ premium 170 yuan / ton
.
After the second trading session, flat water copper fell to 140 yuan / ton and there was still room for pressure price, good copper quotation at 150 yuan / ton, wet copper lower than the previous day, quotation from the morning rise of 130 ~ to 100 yuan / ton
.
Guangdong spot market continues the recent shortage of goods, holders of odd goods can insist on high premium shipments, flat water copper rose to 170/180 yuan / ton is still difficult to find, good copper rose to 200 yuan / ton, wet copper due to shortage and flat water copper quotation narrowed to 40 yuan / ton
.
But overall: affected by the sharp rise in prices and premiums, the overall transaction is not as good as the previous day
.
However, it is expected that the shortage of goods in Guangdong will still be difficult to effectively alleviate in the short term, and it is expected to maintain a high premium next week, but it is necessary to pay attention to the outflow of warehouse receipts
.
Stimulated by the favorable news, Shanghai copper opened higher again, of which Trump announced a three-stage economic recovery policy, and short-term copper prices were still driven upward by the market and maintained a strong trend
.
However, in the medium term, the supply and demand of the copper market may remain weak, it is expected that the current copper price still has upward space, the lower support moved up to 42,000, after reaching the main price balance point around 43,000 or returning to the guidance of supply and demand, the operation is recommended to chase more cautiously, downstream just demand
.
