SMM July 17: today, the spot of electrolytic copper in North China quoted a price of 30 to 70 yuan per ton for that month's contract, with a transaction price of 51350 yuan / ton to 51770 yuan / ton. At the beginning of the week, copper prices climbed to more than 53000 yuan / ton, downstream fear of high procurement needs to be weak, most of the delivery is mainly long orders, zero orders are rarely traded, smelters are forced to take the initiative to reduce to attract downstream buyers, the price is already discounted, the lowest discount is 10 yuan / ton; During the week, copper prices gradually fell back to 51000 yuan / ton, downstream buying gradually active, bargain replenishment, spot quotation steadily rose slightly to 70 yuan / ton, buying performance first suppressed and then rose.
(Chen Ming 021 muri 51595816)
