April 2 Copper Market Afternoon Review

Today's Shanghai electrolytic copper spot contract discount of 10 yuan / ton ~ premium 120 yuan / ton, flat water copper trading price 49070 yuan / ton ~ 49160 yuan / ton, premium copper trading price 49170 yuan / ton ~ 49250 yuan / ton
.
Overnight, the US index rose strongly, commodities generally fell, and Shanghai copper was pressed down to 49100 yuan / ton line
.
Morning market downstream and traders inquiry positive, holders quotation flat water copper flat water ~ liter 10 yuan / ton, good copper premium about 80 yuan / ton, good copper first ushered in a wave of positive trading, traders actively buy good copper, but flat water copper trading atmosphere is slightly inferior to good copper, can be pressed to discount 10 yuan / ton, the price of low price is acceptable
.
So the cargo holders continued to follow the trend to raise the quotation, good copper led the quotation to raise the water 100 yuan / ton, flat water copper resumed the quotation to flat water ~ 10 yuan / ton, but the high premium made the market transaction suppressed, the second trading session buying initiative has declined
.
The market fell further, close to the 49,000 yuan / ton mark, the inquiry was positive again, the quotation of good copper was raised to 110-120 yuan / ton, flat water copper tried to follow up, but stopped at the premium of 20 yuan / ton is difficult to do, wet copper followed the market to adjust the quotation discount 90 ~ discount 60 yuan / ton
.
Downstream to maintain rigid demand, bargain buying
mostly.
Today, traders are trading in the market, and spot premiums are high
.