jiliccco| Yangtze River Nonferrous Metals: Copper prices fell on the 15th, downstream market inquiries were cautious

The trend of Copper Market in Shanghai on May 15JilicccoToday, the copper in Shanghai fluctuated after the low opening. In the afternoon, the opening price of the main monthly 2407 contract was 82300 yuan / ton, the highest was 82590 yuan / ton, the lowest was 81220 yuan / ton, and yesterday it closed at 82140 yuan / ton. it closed today at 82080 yuan / ton, down 60 yuan, or 0.Jiliccco.07%. The daily turnover of Shanghai Copper's main 2407 contracts increased by 123052 lots, and its position increased by 196934 lots by 20466 lots.

Statistics of net Copper Price in Yangtze River Copper IndustryJilicccoToday, the domestic spot copper price fell, the Yangtze River spot copper price quoted 81400 yuan / ton, down 250yuan, the discount 170-discount 130,150 yuan; the Yangtze River comprehensive copper price quoted 81310 yuan / ton, down 305yuan, the discount 290- discount 190,205yuan; Guangdong spot copper price quoted 81220 yuan / ton, down 370yuan, discount 430th-discount 230,270 yuan; Shanghai area copper price quoted 81310 yuan / ton, down 290yuan, discount 280-discount 200,190 yuan.

Analysis of the copper market of the Yangtze River Nonferrous Metals net: during the Asian session, Lun Copper rose steadily, with the latest offer of US $10219 / ton at 15:01 Beijing time, an increase of US $144, or 1.Jiliccco.42%. The trading atmosphere in the spot market is general, with the holder offering a discount and expanding the 2406 contract discount, the Yangtze River spot discount reaches 170130 yuan. Consignees enter the market to inquire cautiously and wait and see after the rigid demand is saturated. Due to the weak market demand, it is difficult to support continued interest in buying goods, and the overall market trading appears to be relatively flat. Copper prices are now on an upward path driven by capital sentiment, with both the dollar and US bond yields weakening, while Chinese policy continues to work and supply shortages are still spreading. However, with the rise of copper prices, the positive factors are gradually digested by the market, and the current industry is gradually entering the off-season, high copper prices are facing a certain correction risk. Coupled with the continued weak trading in the spot market, the trend of copper prices has been suppressed under the wait-and-see mood. Today, Shanghai copper shows a trend of shock and slight decline, and the price center of gravity is stable.

Changjiang Nonferrous Metals net www.ccmn.cn Tel: 0592-5668838