Review on the spot Trading Day of scrap Copper on April 11-Shanghai Metals Market

Hot Keywords

  • Nickel market
  • Market commentary
  • Silicon
  • zinc
  • Copper
  • Aluminium
  • Inventory data
  • Production data
  • Zinc
  • Stainless steel
  • Sales data
  • Nickel
  • Silicon metal
  • Nickel pig iron
  • Morning comments

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

Translation 05:30:01PM Apr 11, 2019 Source:SMM
The content below was translated by Tencent automatically for reference.

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.

Key Words:  Daily review  regeneration 

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

Translation 05:30:01PM Apr 11, 2019 Source:SMM
The content below was translated by Tencent automatically for reference.

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.

Key Words:  Daily review  regeneration