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June 11 Shanghai copper spot market KuaiBao
Jun 11,2019 12:06CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM June 11-Today, Shanghai electrolytic copper spot on the current month's contract water 70-140 yuan / ton, flat water copper transaction price 46630 yuan / ton ~ 46850 yuan / ton, water copper transaction price 46670 yuan / ton ~ 46900 yuan / ton. London copper touched US $5900 per ton, and Shanghai copper rose sharply to more than 46700 yuan per ton. In the morning, the market was still full of goods, and the willingness to cash out was clear. The holder quoted a price of 90 yuan to 140 yuan per ton, but the willingness to receive goods in the market was low. When the supply was abundant, the holder had no choice but to lower the quotation. The good copper went straight down to 110 yuan to 120 yuan per ton of water before there was a slow downward trend. The price of flat water copper has been adjusted from 90 yuan to 70 yuan / ton, and the consumption in the lower reaches of the plate has risen sharply. The price of wet copper has been adjusted down, and the quotation has been reduced from 10 yuan to 20 yuan per ton of water. The price of copper in flat water has been reduced from 90 yuan to 70 yuan / ton, and the price of wet copper has been adjusted down from 10 yuan to 20 yuan per ton. Market trade speculation and downstream consumption are cautious wait-and-see state, the supply of goods is increased, there are few recipients, and there is room for pressure, shipping difficulties slow digestion speed so that spot quotations will continue to decline.

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