Shanghai Copper spot Market KuaiBao-Shanghai Metals Market

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Shanghai Copper spot Market KuaiBao

Translation 11:59:59AM Feb 26, 2018 Source:Shanghai Nonferrous Metals Network

SMM2 26: today Shanghai electrolytic copper spot to the month contract reported water 260 yuan / ton-water 170 yuan / ton, Pingshui copper transaction price 52820 yuan / ton-52960 yuan / ton, rising water copper transaction price 52880 yuan / ton-53020 yuan / ton. Shanghai copper interval concussion, copper prices hovering near the 53000 yuan / ton mark, a large number of traders in the morning market return, the willingness to stand up for the price is obvious, good copper willing to quote about 160 yuan / ton, flat water copper in the discount of about 220 yuan / ton, the transaction is more wait-and-see. After 10:00, some traders took the initiative to lower the quotation for the exchange of imported copper, good copper to discount 180 yuan / ton, the transaction has improved. Pingshui copper quotation differences, domestic Pingshui copper continues to stick to the price of 220 yuan / ton, but imported copper all the way down to 260 yuan / ton. Today, there has been a gradual resumption of work in the lower reaches, and the amount of compensation entering the market has gradually increased, and the downstream mostly favors low-end imported low-cost sources of goods, resulting in a substantial drag on the market discount by low-end imported copper. The price difference between low-end imported copper and domestic Pingshui copper widened to 30 ≤ 40 yuan / ton, and trade speculators also took advantage of the momentum to reduce the price of goods. Today, the market has recovered significantly, and the degree of transaction activity has increased significantly under the guidance of individual large traders. Under the expectation that the transaction will improve and the downstream will return to replenishment, the spot discount will also continue to narrow, and the willingness of the holder to increase the price will become increasingly prominent.

Key Words:  Copper  copper price  spot  current copper  noon news 

Shanghai Copper spot Market KuaiBao

Translation 11:59:59AM Feb 26, 2018 Source:Shanghai Nonferrous Metals Network

SMM2 26: today Shanghai electrolytic copper spot to the month contract reported water 260 yuan / ton-water 170 yuan / ton, Pingshui copper transaction price 52820 yuan / ton-52960 yuan / ton, rising water copper transaction price 52880 yuan / ton-53020 yuan / ton. Shanghai copper interval concussion, copper prices hovering near the 53000 yuan / ton mark, a large number of traders in the morning market return, the willingness to stand up for the price is obvious, good copper willing to quote about 160 yuan / ton, flat water copper in the discount of about 220 yuan / ton, the transaction is more wait-and-see. After 10:00, some traders took the initiative to lower the quotation for the exchange of imported copper, good copper to discount 180 yuan / ton, the transaction has improved. Pingshui copper quotation differences, domestic Pingshui copper continues to stick to the price of 220 yuan / ton, but imported copper all the way down to 260 yuan / ton. Today, there has been a gradual resumption of work in the lower reaches, and the amount of compensation entering the market has gradually increased, and the downstream mostly favors low-end imported low-cost sources of goods, resulting in a substantial drag on the market discount by low-end imported copper. The price difference between low-end imported copper and domestic Pingshui copper widened to 30 ≤ 40 yuan / ton, and trade speculators also took advantage of the momentum to reduce the price of goods. Today, the market has recovered significantly, and the degree of transaction activity has increased significantly under the guidance of individual large traders. Under the expectation that the transaction will improve and the downstream will return to replenishment, the spot discount will also continue to narrow, and the willingness of the holder to increase the price will become increasingly prominent.

Key Words:  Copper  copper price  spot  current copper  noon news