December 14 Shanghai copper morning review

In terms of the market, as of 2017-12-13, the spot price of SMM 1# electrolytic copper is 51990 yuan / ton, up 150 yuan / ton from the previous day, 65 yuan / ton higher than the near-month contract, Shanghai copper around 52000 yuan / ton rebound blocked, close to delivery, the next month price difference in the morning market once expanded to 160 ~ 180 yuan / ton, the holder quoted a good copper premium of about 80 yuan / ton, attracting speculative traders to receive, flat water copper top at the premium of about 50 yuan / ton, wet copper maintenance near flat water quotation
。 On that day, because of the high premium and the copper price close to 52,000 yuan / ton, the willingness to receive goods was seriously reduced, and he rarely bought and waited and watched
.

Compared with the external market, the domestic market due to poor demand trend slightly weakened, Shanghai copper night low maintained at 52,000 yuan a line of narrow consolidation, the rise slightly under pressure and weakness, but we still maintain copper prices medium and long-term high forecast, technical above a number of daily moving averages to form resistance, is expected to continue to adjust in the future, is expected to maintain a narrow range of copper shock
.