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Copper market summary: the market is optimistic about the progress of Sino-US trade talks, overnight London copper closed up $15, consumption weakness and off-season effect gradually fermented, cautious view of copper price rebound, copper is expected to rise
slightly today.
Today's Shanghai electrolytic copper spot contract reported a premium of 10 yuan / ton ~ 60 yuan / ton, flat water copper trading price of 46970 yuan / ton ~ 47010 yuan / ton, premium copper trading price of 47000 yuan / ton ~ 47050 yuan / ton
.
Shanghai copper continued to hover around 47,000 yuan / ton
.
The market basically maintained yesterday's quotation, flat water copper quotation tends to stabilize in the premium 10 ~ 20 yuan / ton range, traders are interested in buying near Pingshui, if there is a low-price source can still attract traders to buy, good copper due to difficult to have a low price space to receive the volume is still hesitant, some can charge low price to good copper premium 40 yuan / ton; Downstream enterprises maintain rigid demand, wet copper maintains yesterday's quotation discount of 50 ~ discount of 30 yuan / ton
.
Today's long order trading is basically nearing the end, the last day of the market and no large fluctuations, spot prices are basically flat, today's entire market trading is general, the transaction is still in a stalemate tug-of-war, after the end of the long order may be difficult to maintain a full premium
.
