Review on the spot Trading Day of scrap Copper on April 11

Published: Apr 11, 2019 17:30

Save

SMM April 11 news: Shanghai Copper main 1905 contract early market opened at 49360 yuan / ton. Shanghai copper fell slightly to 49200 yuan per ton line. Spot rising water this daily water 30-150 yuan / ton. The holder is willing to raise the water at a high price and is willing to continue to ferment. In the morning, the market price rises by 30 to 130 yuan / ton, the market inquiry atmosphere is active, and the low water supply attracts most traders to buy, and the transaction performance is good. Good copper led the price to rise 140 150 yuan / ton trading is still good, flat copper slightly up to 40 to 50 yuan / ton, but the transaction is slightly worse than good copper, the performance of stalemate. Copper fell to attract part of the downstream replenishment, the corresponding quotation of wet copper was raised to 60 yuan / ton discount to 40 yuan / ton, the performance of buying at a low price is the majority. Today, the monthly spread continues to stabilize at around 140 yuan / ton, with market transactions led by traders, with significant improvements at low prices, low prices are hard to find, and rising water is stable.

Daily review regeneration

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

10 hours ago

"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"

Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment. The meeting noted that promoting effective investment plays an important role in stabilizing economic growth and strengthening momentum for development. It is necessary to innovate and improve policy measures, and intensify efforts to enhance the efficiency of utilizing funds such as central budget investments, ultra-long-term special treasury bonds, local government special bonds, and new-type policy-based financial instruments. In conjunction with formulating and implementing the 15th Five-Year Plan

10 hours ago

"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...

Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the Party’s 20th Central Committee, fully and faithfully apply the new development philosophy, strengthen top-level design, build computing power interconnection nodes oriented toward national hub periods, major strategic regions, and key industries, establish a system of computing power interconnection nodes, improve the efficiency and service level of public computing power resources, and promote high-quality development of computing power.

10 hours ago

Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions

After intensive indirect consultations, the new round of nuclear talks between Iran and the US in Muscat, the capital of Oman, has achieved phased progress. It is reported that during this round of talks, the Iranian and US delegations did not meet directly. Instead, Omani Foreign Minister Badr acted as an intermediary, conveying a series of core proposals, strategic concerns, and policy positions to the other side. The atmosphere at the talks was tense yet efficient. According to preliminary on-site assessments, although both sides continue to negotiate over specific terms, they have reached a consensus on the key objective of "continuing dialogue."

10 hours ago