May 18 copper market morning review

A shares are red, the market is beginning to show a stable trend, most of the colored varieties are red, the performance of copper is slightly hesitant, but the spot performance is acceptable, traders target the price difference above 300 yuan / ton when the discount is more than 200 yuan / ton to operate, for the change of month after laying the foundation, downstream in the plate stable upward situation, the discount can be expanded, just need to increase
slightly.

The large increase in SHFE inventory on Friday showed the delivery characteristics of the monthly delivery period, the import window of imported copper was closed for a long time, so that the import copper storage volume was limited, and the holder had no intention of continuing to expand the discount after the change of month, and the copper market bull structure remained unchanged, the current consolidation and finishing state of the plate gave the downstream opportunity
to replenish the dip.
It is expected that after the month change, the quotation of the discount around 200 yuan / ton will attract buying orders to continue to increase
steadily.