Comment on the spot Trading Day of scrap Copper on January 15

SMM January 15 news: Shanghai Copper main 1903 contract early market opened at 46840 yuan / ton, closed at 47000 yuan / ton. Shanghai copper lost 47000 yuan / ton weak shock, spot today reported 80 yuan / ton-160 yuan / ton, today is the last trading day of the 1901 contract, most of the market has been transferred to the next month 1902 contract quotations, the monthly spread between 10 to 50 yuan / ton fluctuations. However, according to the SMM copper price methodology, SMM still offers for the 1901 contract. Although the morning market inquiry is active, but the transaction is hesitant, the holder makes a slight adjustment. The decline in the market attracted some downstream replenishment, downstream consumption has improved compared with yesterday, traders press the price to receive low-price sources of goods, active inquiry, activity is still OK, but there are still differences between supply and demand. The low disk surface with the lifting water is the willingness trend of the cargo holders, but whether the rising water can continue to be strong after the month still needs the support of consumer buying and speculative willingness.