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    Home > Chemicals Industry > New Chemical Materials > June 5 copper market noon review

    June 5 copper market noon review

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    Chilean copper mines are still under intense negotiations, and there is no further progress, and it is expected that the copper market may continue to rise today
    .
    As the US dollar index temporarily slowed down the rally, boosting the trend of base metals, London copper once approached $7,000, Shanghai copper broke through the 52,000 yuan support level after temporarily stabilizing, as of the end of the close still slightly closed up recorded a positive line, the technical upward trend gradually emerged, the net position data of the capital surface continued to increase, it is expected that Shanghai copper can still look higher today, focusing on the progress of
    copper negotiations.

    Copper City

    Shanghai copper center of gravity up, the next month price difference significantly narrowed to more than 100 yuan / ton compared with yesterday, the willingness of holders to hold prices is not supported by the strong buying of the market, the morning market quotation discount 10 yuan / ton ~ premium 40 yuan / ton, down to discount 30 yuan / ton ~ premium 30 yuan / ton, there is still room for price pressure, in contrast, traders good copper buying interest is slightly higher, mostly used for long-term order exchange transactions, downstream buying is weak, flat water copper performance is divergent
    。 After eleven o'clock, some traders eager to exchange cash quoted South Korea, Lufang and other brands at a discount of 40 yuan / ton, the increase in the willingness to exchange cash at high and the current situation of fear of heights to stop at the standoff, making it difficult to raise the price of premiums, the market performance is cautious, the market conditions are still lackluster, and the transaction has not substantially improved
    .

    Scrap copper market, the market supply is obviously in short supply, because the import source can not be replenished, the current holders of high prices and high premium shipments, because the price difference of refined waste continues to narrow, most of the downstream turn to the purchase of high-quality electrolytic copper, conducive to the further increase in consumption demand for electrocopper, because the current premium is too high, downstream shutdown and production reduction phenomenon increases, holders continue to sell, the transaction atmosphere continues to weaken
    .

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