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Comments on the spot Trading Day of scrap Copper on June 20
Jun 20,2019 19:24CST
The content below was translated by Tencent automatically for reference.

SMM, June 20 / PRNewswire-Asianet /-

Today, Shanghai copper main 1908 contract early market opened at 46880 yuan / ton, Shanghai copper continued yesterday's concussion pattern, around 46800 yuan / ton line continues to concussion. Today, Shanghai electrolytic copper spot contract for the current month reported 30 to 80 yuan per ton of water. Morning quotation water 30 80 yuan / ton, maintenance stable in yesterday's quotation, flat water copper can quote 30 yuan / ton can be pressed price space, good copper can pressure price space is small, maintain stability in the rising water 70 80 yuan / ton around; wet copper quotation is slightly looser than yesterday, as for discount 50 ~ 30 yuan / ton, downstream to maintain rigid demand. Today, the quotation of good copper and flat water copper is stable, the trading performance is average, the transaction is still deadlocked, the holder is not willing to sell the goods for cash, the willingness to push the price is still more obvious, and the disk performance is much empty confrontation, it is difficult to determine the trend for the time being, so traders also do little, the market wait-and-see mood is stronger, supply and demand continue to show stalemate

Guangdong 1 # bright copper quoted price of 42800 yuan / ton ~ 43100 yuan / ton, unchanged from yesterday; today's refined waste price difference of 1139 yuan / ton, July 1 will begin to use approval before customs import measures, because now get the import approval of enterprises is still a small number, so most enterprises are worried that the import scrap copper can not declare customs, has stopped import business. The willingness to cherish the sale of domestic scrap copper goods is becoming stronger and stronger, the willingness to push the price is very strong, the transaction is light, most enterprises do not get the approval production to slow down cautiously wait and see.

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