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June 6 Shanghai copper spot market KuaiBao
Jun 6,2019 11:50CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM June 6: today, Shanghai electrolytic copper spot on the current month's contract quoted water 130 ~ water 190 yuan / ton, flat water copper transaction price 45980 yuan / ton ~ 46060 yuan / ton, water copper transaction price 46020 yuan / ton ~ 46100 yuan / ton. Overnight copper fell below US $5800 / ton, Shanghai copper heel fell below the position of 46000 yuan / ton, today copper prices hovered at 45900 yuan / ton line. The sharp fall in the market continued to push up the spot rising water, and the morning market holders raised their prices at 150 to 190 yuan / ton of rising water. Dragon Boat Festival short holiday is coming, the market risk aversion mood is high, the high rising water makes the market stop, it is difficult to close a deal, and the holder is eager to cash in before the festival. Take the initiative to lower the quotation, flat water copper quotation all the way down to 140 yuan / ton, good copper quotation 170 180 yuan / ton. In the second trading session, the transaction is still difficult, flat copper is once again down to 130 yuan / ton of water and there is room for pressure, the price of good copper has good resistance to decline, and the quotation of wet copper is relatively stable, maintained at the level of 50 yuan to 70 yuan per ton of water. Today is the last day of short holiday trading, the disk surface has plummeted, there are few downstream and traders in the market to replenish goods at a low price, the holders have difficulties in shipping, there is room for price reduction, and the overall trading atmosphere of the market has shown a cautious stop. The performance of the rising water will still be determined by the market risk index.

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