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SMM12, March 13: today's Shanghai Copper main 2002 contract opened in the morning market of 49040 yuan / ton, Shanghai electrolytic copper spot to the current month contract rose 10 ~ 30 yuan / ton. Shanghai copper continues to be strong and high and fluctuates in the first line of 48900 yuan / ton. Morning market holders quoted water 20 ~ 40 yuan / ton, but the transaction is relatively small, good copper as low as 20 ~ 30 yuan / ton, traders intend to take the goods, flat water copper supply concentrated in the rising water 10 ~ 20 yuan / ton; wet copper Wai continued yesterday quoted discount 30 yuan / ton first-line quotation, downstream to maintain just need. Copper futures prices are on the high side, the market stops to wait and see the majority; the price spread stabilizes every other month, Pingshui copper and wet copper holders have no intention to reduce prices more, and maintain stability with yesterday. Although the market inquiry atmosphere is positive, but the volume of goods is limited, especially around 10:30, in the first and second trading hours of the excessive time window, Shanghai copper once quickly climbed to 49000 yuan / ton and then quickly fell back to 48900 yuan / ton line, the instability of the disk performance also suppressed the willingness of some speculators to enter the market for a short time, making their performance cautious. Close to delivery, rising water performance is still limited, next week after the month may be even more difficult to make a difference.

The price of bright copper in Guangdong is 44300 yuan / ton ~ 44600 yuan / ton, which is the same as yesterday, and the price difference between fine waste and waste is 1639 yuan / ton. Last week issued the 15th batch of restricted copper approval volume, due to the requirement to run out by December 31, so now most enterprises have found a good source of goods waiting for customs import, but the overall approval volume is relatively small, only 7970 tons, the impact on the supply side of the scrap copper market is limited. Approval for the first quarter of next year is expected to be issued one after another by the end of the year, and the market is optimistic about the amount of copper scrap involved in the approval.

(SMM Mu Yaojuan)

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