Copper prices fell slightly, downstream consumption increased limited, and the electrolytic copper market transactions were average
Shanghai market: In the morning, some holders of good copper, such as Jinchuan plate, tentatively quoted 70 yuan/ton, and mainstream flat-water copper quoted 100 to 80 yuan/ton. However, some companies still quoted low prices, as low as 110 yuan/ton. Wet processing methods such as BMK and other supply sources are quoted at 150 yuan/ton, but the spot transaction atmosphere is difficult to be positive, and downstream investors maintain a cautious wait-and-see attitude when entering the market.
Foshan market: Copper prices fluctuated and fell back. In the morning market, flat copper prices were quoted at a discount of 50 to 30 yuan/ton. The spot discount in the market stabilized. New downstream orders were very limited. Output was relatively stable. Holders mainly quoted high prices. There is no willingness to significantly lower the premium for shipments. In addition, the social treasury continues to rebound, and the downstream sentiment for receiving goods has decreased, and rigid demand purchases have been maintained.
Tianjin market: Copper prices have risen, with premiums stabilizing at a high level. There are not many people asking for prices in the market. The rise in copper prices has suppressed downstream consumption. In addition, the market lacks orders to drive, and there are fewer people asking for large single prices. At present, the supply of refined copper in North China is sufficient.
Chongqing market:: Today's market transaction atmosphere is still relatively light. Copper price fluctuations are limited and have little impact on market transactions. Due to the current situation of difficulty in closing transactions in the near future, most holders choose to maintain their quotations and are not willing to adjust prices. However, downstream copper factories also mostly take delivery of long-term orders. For inquiries about zero orders, The overall price positivity is biased.
