1. Today’s price
2. Market summary
Shanghai market: The spot premium for month-to-month changes has risen sharply, and the focus of transactions has been raised. The mainstream quotations in the opening market were very low. Only some good copper sources such as 3C-P were quoted at 480 yuan/ton. Wet methods such as CMCC and MB were quoted at 400 yuan/ton. Pingshui copper quotations were relatively scarce, and due to yesterday's delivery The monthly difference of the 11 contract BACK unexpectedly widened significantly to a maximum of 700 yuan/ton, and the holders' premium quotations for month-to-month exchanges rose sharply today. However, the market continued to rise. In addition, under the situation of high water premium, the mood of downstream receiving goods was not good, and the activity of spot transactions was limited.
Foshan market: Today, due to the macro recovery, the copper price on the disk is strong and fluctuating. The arrival of goods in the Guangdong market has not seen a significant increase, and the supply of goods in the market remains tight. High water premiums suppress downstream purchasing sentiments. Low inventory has strong support for water premiums, and the overall transaction volume is relatively light.
Tianjin market: The market price remains consolidated, and the price of refined copper in North China is rising rapidly. The current price in the mainstream market is around 300 yuan, and the market acceptance is relatively low.
Chongqing market: After the month change, the monthly price difference of copper futures has narrowed significantly. However, as the regional spot circulation is still tight, the market price premiums and discounts have further increased, and the superposition has maintained consolidation at the previous high level. Therefore, most downstream copper factories are worried about procurement costs. On the high side, I chose to wait and see; in addition, most holders also said that there were few transactions for zero orders, and the progress of picking up goods for long orders was also slow. .
3. Transaction status
Shanghai market: As the supply of market quotations becomes further tight, holders have strong price support sentiments, and spot premiums continue to rise. Good copper such as 3C-P is quoted at 550 yuan/ton, and mainstream flat-water copper supply also rises to 500~520 yuan/ton. Yuan/ton, the market reported that some transactions were completed at this price
Foshan market: Downstream companies mainly purchased goods for rigid needs at low prices. The overall transaction volume in the Guangdong market today was poor.
Tianjin market: The overall transaction volume is still relatively small, the consumption willingness of downstream enterprises has decreased, and there are fewer goods available for transaction in the market. The overall transaction volume is 300 tons.
Chongqing Market: Market premiums remain high, spot prices are on the high side, and transactions are difficult to promote.
4. Market sentiment
Copper prices and spot premium prices rose together during the day. The purchasing sentiment of downstream companies entering the market was not boosted, and their willingness to purchase at high prices was limited. Moreover, due to the tight supply of quotable spot, the price-raising sentiment of holders was relatively strong.
