March 25 Copper Market Afternoon Review

Today's Shanghai electrolytic copper spot contract reported a premium of 960 yuan / ton ~ 1180 yuan / ton, flat water copper trading price of 49240 yuan / ton ~ 49320 yuan / ton, and premium copper trading price of 49360 yuan / ton ~ 49460 yuan / ton
.
Last Friday's poor data in Europe and the United States caused concerns about the global economic slowdown, the soaring dollar caused a collective plunge in commodities, base metals generally drifted green, and Shanghai copper jumped low to 48,200 yuan / ton
。 Copper fell sharply, the premium was pulled up again, the morning market holders quoted a premium of 1050 ~ 1180 yuan / ton, the market reaction was cautious under the stalemate, the second trading session, small and medium-sized traders in the context of financial pressure and sufficient profits, opened the downward trend, flat water copper in the adjustment to 1000 ~ 1020 yuan / ton, only a short stop fell below the thousand yuan mark, down to a premium of about 980 yuan / ton, good copper from the premium 1130 ~ 1150 yuan / ton to close to 1100 yuan / ton, Good copper is slightly less favored than flat water copper
.

Under the low price of individual traders, the quotation of wet copper was reduced from 850~880 yuan / ton in the morning to 780~800 yuan / ton
.
The macro bearish factors have not dissipated, and copper is still weak
.
Today's long-term transaction is basically nearing the end, and from tomorrow there will gradually be next month's invoice quotation and transaction, but most large traders and smelters will still stick to the quotation of the current month's invoice, but the quotation will increase the downward adjustment
.
Today's market fell sharply, and there are still some downstream bargain hunts to replenish, so flat water copper still has some room
for price reduction.