Disk Prices Remain Stagnant, Electrolytic Copper Spot Trading Atmosphere Is Weak

Disk prices remain stagnant, electrolytic copper spot trading atmosphere is weak

Shanghai market: The market opened higher and moved lower overnight, and fluctuated within a narrow range during the day. The overall trading center of gravity moved slightly higher than the previous trading day, the spot discount range widened, and the transaction center of gravity was lowered. At the opening, a few holders maintained their quotations at yesterday's transaction levels. Mainstream good copper such as Guiyang and CCC-P quoted prices ranging from 30 to 20 yuan/ton, while flat copper from sources such as Japan, Poland, and Dajiang PC quoted prices ranging from 40 yuan to 40 yuan/ton. Prices for wet-process goods such as CMCC and ESOX were quoted at 100 to 90 yuan/ton during the day. However, the space for boosting downstream consumption in the morning was still relatively limited. The wait-and-see sentiment in the market was strong, and feedback from stockholders was basic. The transaction has been completed; as some traders began to gradually lower their quotations to facilitate the transaction, the mainstream flat-water copper supply dropped to 50 to 40 yuan/ton. The transaction rebounded slightly, but the overall volume was relatively small; by the second trading session , the mainstream quotation has further dropped to 70 yuan/ton to 60 yuan/ton, and some companies such as Jinchuan large plate have shipped goods as low as 70 yuan/ton. At this time, the downstream market has entered the market at a low price and just needs to lower the price to receive goods, and the transactions are mostly concentrated at 80 yuan/ton. ~The price is 70 yuan/ton, and the difference in supply is traded at 120~80 yuan/ton. Overall, the decline in copper prices is limited, downstream consumption has not yet fully recovered, spot transactions are limited, spot premiums are running weakly, and the pressure of inventory accumulation remains, it is expected that spot premiums will remain at a slight discount during the week.

Foshan market: Copper prices remain volatile. In the morning market, flat copper prices were quoted at 160 to 50 yuan/ton. Market premiums continued to fall. Some traders quoted higher prices and were more willing to raise prices. No transactions were seen. Some traders quoted prices at 160 yuan/ton. 130 yuan/ton, there were not many transactions, and a small amount of supply was traded at 150 yuan/ton. The recovery of terminal consumption after the holiday was relatively slow. The cautious wait-and-see sentiment in the downstream dominated the market transactions, and there were not many purchases in the market.

Tianjin market: The market price fluctuates slightly, and the market demand is small. The supply in the North China market is relatively normal at present, the inventory of enterprises is relatively high, and the popularity of bulk orders is relatively limited.

Chongqing market: The overall market transactions today showed a slight decline. The resumption of production of downstream copper plants is not in good condition, and the delivery speed of long-term orders has begun to slow down, let alone zero purchase orders. There are emotional differences among the holders. Some holders want to clear their inventory at the end of the month and relieve financial pressure, so they actively lower their quotations to promote order transactions; while other holders do not want to sell goods at low prices, so they hold back their goods and are reluctant to sell them. ; However, consumption is weak today, so we have reached the same destination by different means, and no transactions have been recorded yet.