Shanghai Copper spot Market KuaiBao-Shanghai Metals Market

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Shanghai Copper spot Market KuaiBao

Translation 12:01:29PM Feb 27, 2018 Source:Shanghai Nonferrous Metals Network

SMM2: today Shanghai electrolytic copper spot on the monthly contract reported water 190 yuan / ton-water 110 yuan / ton, Pingshui copper transaction price 52820 yuan / ton-52940 yuan / ton, rising water copper transaction price 52840 yuan / ton-53000 yuan / ton. Shanghai copper continues to trade horizontally at around 53000 yuan / ton, with a price difference of more than 53000 yuan / ton every other month. the price difference between near-month and far-month contracts has narrowed, and the narrowing of spot discount is the trend of the market trend. good copper holders in the early market are eager to increase their prices. Quotation discount 120 yuan / ton ~ 100 yuan / ton, but the transaction is still under pressure in the first line of 120 yuan / ton, some traders are willing to receive good copper discount about 140 yuan / ton, but the transaction is not easy. Most of the domestic Pingshui copper price is 160 yuan / ton, but some imported copper still shows the existing discount 180 yuan / ton quotation, still has a certain attraction, and the transaction is more active. Today, without the impact of selling a large number of low-end imported copper such as Bulgaria and PASAR at a low price as yesterday, the whole market has a strong price atmosphere, but there are still price differences between domestic Pingshui copper and imported copper. There is still a price difference of about 40 yuan per ton. Following the larger replenishment downstream yesterday, the volume of shipments downstream today is lower than yesterday, but the enthusiasm for trade speculation is still recovering.

Key Words:  Copper  copper price  spot  current copper  noon news 

Price

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#1 Refined Cu
Jun.17
46150.0
-340.0
(-0.73%)
Standard-Grade Copper
Jun.17
46120.0
-360.0
(-0.77%)
High-Grade Copper
Jun.17
46180.0
-320.0
(-0.69%)
Guixi copper
Jun.17
46185.0
-320.0
(-0.69%)
Low-quality copper
Jun.17
46070.0
-345.0
(-0.74%)

Shanghai Copper spot Market KuaiBao

Translation 12:01:29PM Feb 27, 2018 Source:Shanghai Nonferrous Metals Network

SMM2: today Shanghai electrolytic copper spot on the monthly contract reported water 190 yuan / ton-water 110 yuan / ton, Pingshui copper transaction price 52820 yuan / ton-52940 yuan / ton, rising water copper transaction price 52840 yuan / ton-53000 yuan / ton. Shanghai copper continues to trade horizontally at around 53000 yuan / ton, with a price difference of more than 53000 yuan / ton every other month. the price difference between near-month and far-month contracts has narrowed, and the narrowing of spot discount is the trend of the market trend. good copper holders in the early market are eager to increase their prices. Quotation discount 120 yuan / ton ~ 100 yuan / ton, but the transaction is still under pressure in the first line of 120 yuan / ton, some traders are willing to receive good copper discount about 140 yuan / ton, but the transaction is not easy. Most of the domestic Pingshui copper price is 160 yuan / ton, but some imported copper still shows the existing discount 180 yuan / ton quotation, still has a certain attraction, and the transaction is more active. Today, without the impact of selling a large number of low-end imported copper such as Bulgaria and PASAR at a low price as yesterday, the whole market has a strong price atmosphere, but there are still price differences between domestic Pingshui copper and imported copper. There is still a price difference of about 40 yuan per ton. Following the larger replenishment downstream yesterday, the volume of shipments downstream today is lower than yesterday, but the enthusiasm for trade speculation is still recovering.

Key Words:  Copper  copper price  spot  current copper  noon news