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1.
Summary of copper prices in major domestic cities
| market | name of article | Material | Price range | Change | remark | |
| Guangdong spot | 1# Copper | 1 # | 36690-36890 | Yuan/ton | -90 | Tax included |
| Shanghai spot | 1# Copper | 1 # | 36640-36940 | Yuan/ton | 40 | Tax included |
| Shanghai spot | Flat water copper | - | 36640-36900 | Yuan/ton | 40 | Tax included |
| Shanghai spot | Liters of copper | - | 36660-36940 | Yuan/ton | 30 | Tax included |
| Shanghai | 1# Copper | 1 # | 36650-36750 | Yuan/ton | -100 | Tax included |
| Foshan spot | 1# Electrolytic copper plate | 1 # | 34300-34500 | Yuan/ton | 0 | Tax not included |
| Jinan spot | 1# Copper | 1 # | 36750-36750 | Yuan/ton | -100 | Tax included |
| Shenyang spot | 1# Copper | 1 # | 36850-36850 | Yuan/ton | -100 | Tax included |
| Beijing spot | 1# Copper | 1 # | 36800-36800 | Yuan/ton | -100 | Tax included |
| Tianjin spot | 1# Copper | 1 # | 36800-36800 | Yuan/ton | -100 | Tax included |
| Wuxi spot | 1# Copper | 1 # | 36800-36800 | Yuan/ton | -100 | Tax included |
| Xi'an spot | 1# Copper | 1 # | 36850-36850 | Yuan/ton | -100 | Tax included |
| Chongqing spot | 1# Copper | 1 # | 36850-36850 | Yuan/ton | -100 | Tax included |
| Guangzhou spot | 1# Copper | 1 # | 36960-36960 | Yuan/ton | -90 | Tax included |
| Wuhan spot | 1# Copper | 1 # | 36800-36800 | Yuan/ton | -100 | Tax included |
| Kunming spot | 1# Copper | 1 # | 36900-36900 | Yuan/ton | -100 | Tax included |
2.
Market review
Today's Shanghai copper main contract fluctuated, from the morning trend of the rebound is not strong, indicating that the adjustment of the copper market is not completely over, there is still the possibility
of repeated shocks.
The opening price of the current month's 1604 contract is 37140 yuan / ton, and as of 15:00 pm, the latest price is 37090 yuan / ton, up 210 yuan; The lowest price within the day is 36870 yuan / ton, and the highest price is 37140 yuan / ton
.
The main opening price of Shanghai copper was 36,770 yuan / ton, and as of 15:00 p.
m.
, the latest price was 36,910 yuan / ton, up 90 yuan; The lowest price during the day was 36730 yuan / ton, and the highest price was 37170 yuan / ton
.
In the external market, London copper opened low yesterday, closing at 4825.
00 US dollars / ton, up 0.
40%, holding 335,200 lots, and the position continued to decrease
.
Yesterday evening, London copper rebounded again, this morning in the Asian electronic performance persisted, but after hitting $4850 and then fell back, still facing some pressure, the probability of a direct rise is not large
.
The London Metal Exchange (LME) three-month copper was quoted around $4,831/mt in the morning, broadly holding on to the 0.
4% gain recorded overnight
.
3.
Overview of the domestic copper market
On the macro front, the negative sentiment of the failure of the Doha talks has not completely dissipated, in addition, the strike of Kuwaiti oil workers has a time limit after all, and the market will still face an imbalance between supply and demand after the strike, so the foundation supporting oil prices may not be solid, so the negative impact on the trend of non-ferrous prices is still there, however, the dollar trend rushed back down, slightly boosting the base metals market
.
Overall, the market is long and short confrontation, the future direction is not clear, and copper prices have not yet got rid of the volatile pattern
.
Today's Shanghai electrolytic copper spot report discount 140 yuan / ton - discount 80 yuan / ton, flat water copper trading price of 36640 yuan / ton - 36900 yuan / ton, premium copper transaction price of 36660 yuan / ton - 36940 yuan / ton
.
Today's market trading atmosphere is gradually becoming more cautious, the industry is generally worried about the short-term copper price trend, worried that the price will fluctuate and adjust, so in terms of operation are mostly single order, the purchase quantity is significantly reduced, as for the holders, the asking price is not as insistent as before, with the market shipment
.
The source of imported copper is still sufficient, and some middlemen are mainly buying and selling period, and the proportion of downstream transactions is limited, and the transaction is first up and then suppressed
.
4.
Copper closing situation
Today, the Shanghai copper rushed back down, showing that the bulls are not confident enough, the market is still finishing and gaining momentum, the Shanghai copper 1606 contract slightly rushed to 37170 yuan / ton, and then A shares dived, crude oil was weak, bulls fled, Shanghai copper fell sharply, copper prices were suppressed to the lowest 36730 yuan / ton, late A shares, crude oil both turned back, copper prices stabilized, 1606 finally closed 36940 yuan / ton, up 120 yuan / ton, up 0.
33%.
5.
Aftermarket analysis
Today's copper market rushed to a weak high, copper prices remained volatile during the day
.
On the whole, the world is shrouded in the shadow of economic stall, and the pattern of increasing copper supply is difficult to change, and it is difficult to improve demand in the short term, and the copper market has not reversed the bear market pattern
.
At present, the key resistance level of the external copper price is 4855 US dollars, and the domestic Shanghai copper is 37300 yuan, waiting for the copper price to be clear
.
