June 26 Shanghai copper spot market KuaiBao

SMM June 26th: today, Shanghai electrolytic copper spot to the current month contract flat water ~ liter water 80 yuan / ton, flat water copper transaction price 47220 yuan / ton ~ 47280 yuan / ton, rising water copper transaction price 47270 yuan / ton ~ 47340 yuan / ton. Shanghai copper rebound completely stood on 47000 yuan / ton, around 47250 yuan / ton line. The inquiry of the early trading merchant is active, after the long single delivery basically ends, the invoice holder's quotation proportion increases next month, the early market invoice quotation rises 10 to 60 yuan / ton, the good copper quotation maintains in the rising water 50 to 60 yuan / ton range, the flat water copper quotation may depress the price to the flat water nearby, the low price source transaction is OK, if the discount transaction performance is positive, the wet copper quotation is reduced to the discount 60 yuan / ton or so, the flat water copper quotation may press the price to the flat water nearby, the low price source transaction is OK, if the discount transaction performance is positive, the wet method copper quotation is reduced to the discount 60 yuan / ton or so. There is still some demand for invoices before the end of the month, and due to the recent copper spot market risks, the price of the invoice for that month is stronger, and the difference between the invoice price and the invoice price for the next month is 20 to 30 yuan per ton. Today, in addition to the invoice performance of low-priced goods next month, the overall performance of the market is still deadlocked. On the one hand, after some large enterprises have completed long orders, enterprises gradually enter the mid-year and month-end settlement, and the trading performance is cautious. Moreover, because of the sharp rebound in copper prices, the downstream is afraid of high, consumption is weak, and very few enter the market. Traders are also due to the end of the month to trade activity has also been reduced. After a week trading activity may still be difficult to show active, spot is also inevitably easy to show a small discount state.

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