June 17 Copper Market Afternoon Review

Copper market summary: U.
S.
retail sales data optimistic boosted the U.
S.
index climbed, the next week London copper closed down $56 under pressure, China's May fixed investment and industrial growth rate was less than expected, consumption performance is relatively weak, copper is expected to fall
today.

Today's Shanghai electrolytic copper spot contract reported a premium of 60 ~ 150 yuan / ton, the trading price of flat water copper was 46080 yuan / ton ~ 46160 yuan / ton, and the trading price of premium copper was 46140 yuan / ton ~ 46220 yuan / ton
。 Today is the last trading day of the 1906 contract, the price spread fluctuates in 60 ~ 70 yuan / ton, most of the market has been quoted on the 1907 contract, the holder obviously has a strong willingness to raise the price, the morning market tries to quote in the premium 30 ~ premium 80 yuan / ton, due to the spread of the next month than last week widened, resulting in a significant increase in spot premium than last week, most of the market doubts are on the sidelines, holders in the case of abundant supply, temporarily difficult to digest, take the lead from good copper to start the price reduction, good copper to 60 ~ premium 70 yuan / ton, Flat water copper was reduced to 10 ~ 20 yuan / ton of water premium, and wet copper further expanded the discount state to about
40 yuan / ton.