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Review on the spot Trading Day of scrap Copper on June 3
Jun 3,2019 16:56CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, June 3 / PRNewswire-Asianet /-

Today, the main 1907 contract of Shanghai Copper opened at 46160 yuan / ton in the morning. Today, the spot of electrolytic copper in Shanghai reported 60 to 130 yuan / ton of rising water for the current month's contract. Bears continued to dominate the market, with Shanghai copper falling to 46100 yuan per ton. The stock holder is willing to lift the water, the quotation in the morning market is 60 yuan 110 yuan / ton, the transaction is active in the morning market, and the copper water 60 yuan / ton in flat water is quickly received, so the holder raises the quotation, and the transaction activity is restrained to a certain extent., The market stops temporarily; The lower reaches of the bargain to buy goods slightly increased the market transaction activity, wet copper quotation is also gradually raised, reported in the discount 20 ~ liter water 10 yuan / ton. Today, the market is under the control of the seller, traders and downstream have maintained a certain degree of activity, but the plate level of 46000 yuan is in jeopardy, the rising water is high, and the spot rising water is in a dilemma.

Guangdong No. 1 bright copper quoted price of 42600 yuan / ton ~ 42900 yuan / ton, down 200 yuan / ton compared with Friday; the difference of refined waste price today is 731yuan / ton. Under the condition that the supply of recycled copper is in short supply, the mentality of low price is strong, and the large-scale maintenance of smelter comes to an end in June, and the spot supply of electrolytic copper increases, which further suppresses the consumption of scrap copper.

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