April 28 Copper Market Morning Review

On Monday, the Shanghai copper gap opened high and maintained a high operation, the main month 2006 contract opened at 42420 yuan / ton, the highest intraday 42880 yuan / ton, the lowest 42240 yuan / ton, settled 42560 yuan / ton, closed 42490 yuan / ton, up 680 yuan, or 1.
63%.

In terms of external trading, during the Asian session, London copper opened high and went higher, and the latest quotation at 15:00 Beijing time was 5226 US dollars / ton, up 38 US dollars, or 0.
73%.

In terms of the market, the willingness of holders to exchange cash before the holiday has increased, traders are interested in receiving goods but it is difficult to reach the desired price, and a small amount of rigid demand downstream has mostly stopped and
watched.
Domestic spot copper prices rose sharply, Yangtze River non-ferrous metal network 1# copper price was reported at 43020 yuan / ton, up 900 yuan, premium 140-liter 200; Guangdong spot 1# copper price was 43150 yuan / ton, up 950 yuan; Yangtze River spot 1# copper price 43050 yuan / ton, up 890 yuan, premium 180-liter 200; Shanghai spot 1# copper price was 42860 yuan / ton, up 750 yuan
.

The last period of refined copper inventory continued to consume, the domestic early refined copper just need to be postponed release, short-term copper demand increase to push up copper prices, and on the other hand, Yunnan, Gansu and other places have successively transmitted the national reserve non-ferrous metals related information, market confidence has also been boosted to a certain extent, the current logic still maintains a short long view, it is worth noting that the recent crude oil price volatility, or will affect the technical trend of Shanghai copper to a certain extent, tomorrow Shanghai copper or have a high level of shock, a slight decline to stabilize, Shanghai copper range temporarily look at 4.
15-43,000
。