Shanghai copper afternoon review on September 8

Macro-wise, China's manufacturing PMI and ISM manufacturing PMI both reached new highs in August, indicating a steady economic recovery
.
The August non-farm payrolls data outperformed market expectations slightly, reflecting a slow recovery in the U.
S.
labor market
.

The average price of electrolytic copper in Foshan in Nanchu: 52460 yuan, down 80, the monthly discount quotation: -30 to 50, flat
.
Shanghai copper fluctuated in the morning, and the holders again raised the premium with a strong willingness, and the morning holder Pingshui reported that the good copper was quoted for the month by 70 yuan / ton; Market transaction was suppressed, premium rise was hindered, a small number of holders for shipment for cash, near the end of the first section of trading flat water adjusted to a discount of 30 yuan / ton, good copper to the month quotation premium of 50 yuan / ton, downstream receipt is limited
.
Spot premium is strong in the willingness to hold up the price before delivery, there is little adjustment, there is no buying attraction to the market, the market performance is mostly wait-and-see, the willingness to trade trading is suppressed, and the downstream is waiting for the price to fall back to adjust, all showing the characteristics of
deadlock.
50 yuan / ton of copper premium to the month; Flat water copper discount 10 yuan / ton
.

The average price of electrolytic copper in Shanghai in the South Reserve: 52530 yuan, down 80, the monthly discount quotation: 60 to 110, up 5
.
Today's morning market has weakened compared with yesterday's performance, and most traders in the spot market have entered the market for inquiries on the grounds of receiving goods, but the market demand is relatively flat, and most holders choose to wait and see; In the later stage, there are gradually holders to test the water shipment, flat water for the current month reported a premium of 50-60 yuan, good copper for the month reported a premium of 110-120 yuan / ton, near the end of the first trading session, the receiver gradually entered the market to inquire for procurement, and the transaction improved; Near the noon close has been difficult to find a low-price source, flat water copper prices to 70 yuan / ton, today's market receiving sentiment continues to rise, trading atmosphere is good
.
Copper rose to 100-110 yuan in the month, down 5; flat water copper premium 40-50 yuan, flat; Wet copper sticker 80-30 yuan, down 20
.