Metals News
June 19 Shanghai copper spot market KuaiBao
Jun 19,2019
The content below was translated by Tencent automatically for reference.

SMM June 19: today, Shanghai electrolytic copper spot on the current month contract water 30 ~ 80 yuan / ton, flat water copper transaction price 46820 yuan / ton ~ 46900 yuan / ton, water copper transaction price 46860 yuan / ton ~ 46940 yuan / ton. Copper rose strongly overnight in anticipation of trade relations between China and the United States, followed by Shanghai copper, which hovered at 46800 yuan per ton after rising 500 yuan per ton today. Today, quotation holders have no intention to downgrade the rising water, the quotation remains stable at yesterday's level of 30 to 80 yuan / ton, the disk surface rebounded strongly, but the spot transaction still shows the characteristics of chainsaw, although flat water copper is generally 30 to 40 yuan / ton, but due to the low activity of market inquiry, some traders can press the price to 20 yuan / ton to take goods, good copper can be maintained in the water 70 to 80 yuan / ton range quotation, it is more difficult to lower the price, but due to the low market inquiry activity, some traders can press the price to 20 yuan / ton, good copper can be maintained in the water 70-80 yuan / ton range, it is more difficult to lower the price. Downstream still maintain rigid demand, wet copper maintain discount 40 yuan / ton ~ discount 20 yuan / ton quotation. Downstream consumption is afraid of high sentiment, the mainstream trading is still mainly for long order delivery, holders to maintain the willingness to push the price, the short-term market may remain stable at the current level, supply and demand continue to show a state of stickiness.

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