SMM May 14: today, Shanghai electrolytic copper spot on the current month contract water 30 ~ liter water 130 yuan / ton, flat water copper transaction price 47480 yuan / ton ~ 47530 yuan / ton, rising water copper transaction price 47540 yuan / ton ~ 47600 yuan / ton. The Shanghai copper is arranged weakly around the 47500 yuan / ton line, and is nearing the delivery cycle, and the contract price spread has expanded all the way to 120yuan / ton every other month. In the morning, the holder quoted 10 to 20 yuan per ton of copper water and 80 to 90 yuan per ton of good copper water. After the spread began to expand, The source of low price goods is attractive, the source of low price goods is quickly closed, flat water copper up to 30 to 40 yuan / ton, good copper quotation to 100 yuan / ton, the market continues to ferment, the transaction is active. In the second trading phase, under the wave after wave of receiving sentiment, flat copper has been raised to 50 to 60 yuan per ton of water, and good copper to 110 to 120 yuan per ton of water, but the transaction activity has not been further improved, but the holder has no intention of stopping. After 11:00, the offer has been pushed up to 60 to 80 yuan per ton for copper liters in flat water and 130 to 150 yuan per tonne for good copper liters. The downstream inquiry price increases to buy is OK, the wet process copper follows the market to raise the quotation accordingly, the wet process copper quotation from the discount 50 yuan / ton narrows to the discount 20 yuan / ton still has the transaction. There are signs that the market has stopped falling, and it is still not enough for the holders to push up the water again, but the high water transactions have gradually shown pressure, and today the market traders, speculators and speculators are still dominant in the market. Tomorrow is the last trading day of the contract of the month, the monthly spread will continue to be the main driving factor, and the resurgence of the market will mainly come from the boost of confidence.
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