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    Home > Chemicals Industry > New Chemical Materials > July 4 copper market noon review

    July 4 copper market noon review

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    Trade war worries are obviously high, worried about the slowdown in global economic growth confidence, most of the metals in the two markets in the morning continued to fall back to adjust the trend, London copper is currently regaining a firm position of $6500 on the first line, Shanghai copper main force continued to fall overnight in the morning, as of midday close down to 480 yuan, still hovering at the low level of recent months, the current copper market fundamental support continues to weaken, macro bearish factors still dominate the trend of copper prices, capital net position data slightly declined, or indicate that the future market copper prices still continue to fall, It is expected that today's Shanghai copper or weak adjustment is the mainstay, focusing on the support of the 50,000 mark
    .

    Copper City

    In terms of the market, overnight London copper once fell below 6500 US dollars / ton, Shanghai copper broke 51000 yuan / ton, into July only 3 trading days, copper prices have fallen nearly 1,000 yuan, following yesterday's market bargain entry into the big buy active, holders of quotation confidence greatly boosted, continue to narrow the discount, morning market holders strong prices, good copper quotation flat water, flat water copper discount 40 yuan / ton, traders continue to lower prices, intended to charge low price good copper and flat water copper, good copper concentrated transaction in the discount of 10 yuan / ton, flat water copper can be pressed price discount 60 ~ 50 yuan/ton
    .
    In the second trading session, flat water copper has been difficult to find a low-price source, the quotation is firmly at the discount of 40 yuan / ton, wet copper goods are small, the downstream maintains a stable receiving volume, the transaction also holds the discount of 80 ~ 70 yuan / ton, closely following the quotation of flat water copper, the narrowing range of the discount is large
    .
    The market continues to decline, although the downstream inquiry is still more active, but the actual buying power is not as strong as yesterday, today's traders accounted for a relatively large proportion, the overall transaction of the market dip can have a certain degree of sustainability, tomorrow may appear premium quotations
    .

    Scrap copper market, the market supply is obviously in short supply, because the import source can not be replenished, the current holders slightly adjust the price of shipments to ease the financial pressure, because the refined waste price difference continues to widen again, electrolytic copper consumption has slowed down slightly, inventory overall has a continuous increase trend, because the current premium is too high, downstream shutdown and production reduction phenomenon increased, holders continue to sell, the transaction has not improved
    .

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