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June 17 Shanghai copper spot market KuaiBao
Jun 17,2019 12:01CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM June 17: today, Shanghai electrolytic copper spot on the current month's contract water 60 to 150 yuan / ton, flat water copper transaction price of 46080 yuan / ton ~ 46160 yuan / ton, water copper transaction price of 46140 yuan / ton ~ 46220 yuan / ton. Today is the last trading day of the 1906 contract, the monthly price difference fluctuates in 60-70 yuan / ton, the market has mostly quoted the 1907 contract price, the holder obviously has the strong desire to push the price, the morning market tries to quote in the rising water 30 ~ 80 yuan / ton, due to the spread of the monthly price difference than last week, resulting in a significant increase in spot water than last week, most of the market is in doubt, the holder in the supply of goods is abundant, difficult to digest the situation, Take the lead in reducing prices from good copper, good copper to 60 to 70 yuan per ton of water, flat copper to 10 to 20 yuan per ton of water, wet copper to further expand the discount state to about 40 yuan per ton of water. SMM according to the price methodology, the last trading day is still quoted according to the current month's contract, according to the price difference, good copper liter water 120 to 150 yuan / ton, flat water copper in the liter water 60 ~ 90 yuan / ton. By contrast, the market generally believes that the rising water is difficult to maintain stability, in the supply continues to be loose, consumer burnout, after the change of the month, the rising water is down is the trend.

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