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freeslotgamesforfun| Mysteel Daily: Copper prices rise rapidly, electrolytic copper spot market turnover is poor (5.20)

Author:editor|Category:Sustainability

SourceFreeslotgamesforfunMysteel electrolytic copper price

I. Today's price

freeslotgamesforfun| Mysteel Daily: Copper prices rise rapidly, electrolytic copper spot market turnover is poor (5.20)

II. Market summary

Shanghai market: overnight copper prices go up highFreeslotgamesforfunIt rose sharply during the day, the overall trading center of gravity moved significantly higher than the previous trading day, the spot rose and fell, and the trading center of gravity fell. Early morning trading, due to the rise in copper prices, the price of the holder is relatively cautious, only a few enterprises such as JCC, 3C-P and other sources are quoted at 280,0270 yuan / ton. A few low-cost sources such as Japan and Tiefeng were first quoted at 350,340 yuan per ton. However, the market rose sharply, the downstream was basically afraid of heights and wait-and-see, the mood of entering the market and receiving goods dropped to the freezing point, and there was little spot transaction; to the second trading session, the holders gradually lowered their quotations to promote transactions, mainstream brands rose and fell, and some brands, such as Tiefeng PC, Zhongtiaoshan and Japan, reduced their supply by 400 to 380 yuan per ton, but this price is still difficult to boost market turnover, and downstream consumption is relatively light. However, a small number of traders showed the mood of receiving goods on the spot, the mainstream brands were depressed to 340 to 330 yuan per ton, and the low-priced goods were sold at 400 to 380 yuan per ton. subsequently, with the copper price rising again, it is difficult for the market to close a deal. On the whole, the copper price appears extreme market in the day, the downstream is afraid of high and wait-and-see, and the spot transaction is further suppressed; if the subsequent copper price is difficult to show a decline, it is expected that the weak consumption situation in the lower reaches will continue, and it may be difficult for the spot price to rise.

Foshan market: many macro advantages boost copper prices, and copper in Shanghai reaches an all-time high. Guangdong spot inventory to maintain a small inventory, mainly because the market arrival is less, the morning market to flat copper stickers 400-340 yuan / ton, the holder ambiguity, some holders of high copper prices wait and see more, some traders reported high 250 yuan / ton, not heard of transactions, a small number of traders actively shipped, copper prices rose sharply inhibited downstream take goods, coupled with less new orders downstream, most downstream enterprises said wait-and-see Even a small number of enterprises have rigid demand and leave early after picking up the goods.

Tianjin market: copper prices hit a new high today, and spot supply in the North China market is general. Even if the holder reduces the discount to ship the goods, the absolute price is too high, the fear of heights in the lower reaches is strong, and the willingness to purchase and prepare goods is not good.

Chongqing market: today's market trading is basically at a standstill. Copper prices rose sharply under the influence of macro news and capital, with an opening peak of 6%.Freeslotgamesforfun.67%, copper factories and terminal enterprises downstream of the market are unable to accept the current copper price, and some enterprises are even discussing plans to reduce production and stop production, even if regional holders cut down zero liters in order to promote transactions, however, high copper prices still have a strong inhibitory effect on the release of consumer sentiment, transactions basically failed, only a small number of long orders have a small amount of delivery.

III. Transaction situation

Shanghai market: copper prices have risen sharply in the day, the fear of heights in the lower reaches is obvious, basically stop and wait and see, the mood of spot transactions is low; and as the center of gravity of the market moves up, traders have no choice but to ship goods at low prices, and the spot discount is expanded.

Foshan market: today's market transaction performance is light, today's transaction discount is between 400 and 340 yuan / ton.

Tianjin market: today's electrolytic copper spot market transactions are deserted, copper prices rise again to break through the recent highs, the downstream wait-and-see attitude is obvious, the overall transaction is poor.

Chongqing market: copper prices hit a new high, the market is afraid of heights, the wait-and-see mood is strong, and procurement is basically in a state of semi-stagnation.

IV. Regional price difference

21 05

2024-05-21 11:24:45

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