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June 10 Shanghai copper spot market KuaiBao
Jun 10,2019 11:47CST
The content below was translated by Tencent automatically for reference.

SMM June 10: today, Shanghai electrolytic copper spot on the current month's contract water 90 ~ liter water 170 yuan / ton, flat water copper transaction price 46160 yuan / ton ~ 46340 yuan / ton, rising water copper transaction price 46220 yuan / ton ~ 46400 yuan / ton, the transaction price of flat water copper is 46160 yuan / ton ~ 46340 yuan / ton, and the transaction price of copper is 46220 yuan / ton ~ 46400 yuan / ton. Shanghai copper lows rebounded slightly to 46200 yuan / ton line. On the first day after the festival, it was heard that imported copper had arrived in the warehouse, and in the morning, the holder continued the pace of quotation before the festival, and the quotation increased by 110 yuan to 170 yuan per ton, but there were many quotations in the market, but there was not enough interest in buying, and the holders' willingness to cash in gradually became stronger, and the price space was magnified. The price of good copper from 170 yuan / ton to 140 yuan / ton is reduced to 140 yuan / ton, and the quotation from 110 yuan / ton is reduced to less than 100 yuan / ton before there is centralized trading. Wait and see downstream, wet copper quoted water 20 to 40 yuan / ton and there is still room for pressure. The main reason is that inventory increases, market consumption is weak, market risk aversion vigilance is still high, the market is difficult to quickly digest imported copper, rising water may still have room for downward adjustment.

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