Comment on the spot Trading Day of scrap Copper on February 26

Published: Feb 26, 2019 13:36

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SMM February 26th news: Shanghai Copper main 1904 contract early market opened at 50150 yuan / ton. Overnight copper prices at home and abroad high pullback, today Shanghai copper fell from above 50, 000 yuan / ton line. Spot promotion and sticker water this daily discount 210-discount 90 yuan / ton, early the whole market inquiry is active, yesterday this month long order tends to the end, today's market most companies emerge next month invoice quotation, and the current month invoice price difference is about 20 yuan / ton, Trade speculators have a certain intention to buy low water supply, transaction activity has increased, downstream active buying has also increased, wet copper price narrower than yesterday, offer discount 320 yuan ~ 280 yuan / ton. Today, the market transaction performance picked up, the disk decline pullback, downstream bargain buying slightly increased, market transactions initially showed a positive atmosphere.

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