Copper prices are strong and the spot market is weak in supply and demand

2-26: Nanchu Foshan electrolytic copper average price: 68450 yuan, down 1790, the monthly discount quotation: -220 to -70, up 10
。 (Next month's ticket) Today's Shanghai copper slightly pullback, copper prices fell slightly to help buying, helpless at the end of the month plus the weekend, the spot market supply and demand are weak, the transaction is flat; Traders in the morning market entered the market to participate in trading, market activity weakened significantly, some quotations to the south reserve low price or low price + 10 yuan / ton, the transaction situation is poor, the actual transaction price is about 220-200 yuan / ton, good copper spot supply continues to disappear; Overall, traders were short of funds at the end of the month and the transaction was relatively deadlocked
.
Flat water copper discount for the month 220-discount 200 yuan / ton; Liter copper discount 70 yuan / ton (next month pass);

2-26: The average price of electrolytic copper in Shanghai in Nanchu: 68460 yuan, down 1710, the monthly discount quotation: -140 to -130, up 95
.
(Next month's ticket) Today's Shanghai copper shock retreated, and the spot market transaction was bleak
.
In the morning, the holders still maintained their willingness to hold prices, and the price of flat water copper next month ticket was 100 yuan / ton, and the price difference of good copper was 20-30 yuan / ton to test the water, limited by market demand, the transaction was weak, and the price gradually fell
.
At about ten o'clock, the quotation of flat water copper has slipped to about 140 yuan / ton of discount, and the good copper discount is 120-130 yuan / ton, and the transaction is general
.
At the end of the second quarter of trading, the offer decreased, the quotation of flat water copper rose by 10 yuan / ton, and the low price transaction was better
.
Recently, intraday premium in the spot market has shown a low level, prices are quite weak, and demand is weak
.
Copper prices have repeatedly reached new highs this week, and the center of gravity is difficult to increase
significantly in a short period of time.
The premium copper was discounted 120-110 yuan for the month, up 55; flat water copper sticker 130-120 yuan, up 65; Wet copper sticker 280-sticker 200 yuan, down 220
.

Shanghai copper stocks continued to accumulate this week, increasing by 35,170 tons to 147958 tons, an increase of 31.
18%, and a cumulative increase of 122.
28%
in the last four weeks.
Copper processing fees TC continue to decline, copper mine supply is still tight, supply prospects are still pessimistic, this year copper market may face a historic shortage, clean energy development will drive new demand growth, the United States continues to promote large-scale stimulus measures, copper prices climbed
sharply this week.