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June 21 Shanghai copper spot market KuaiBao
Jun 21,2019 12:17CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM June 21: today, Shanghai electrolytic copper spot on the current month's contract water 20 to 80 yuan / ton, flat water copper transaction price of 46860 yuan / ton ~ 46900 yuan / ton, water copper transaction price of 46900 yuan / ton ~ 46940 yuan / ton. Shanghai copper continued to concussion pattern, around 46800 yuan / ton first-line shock. Spot quotation is still deadlocked, continuing yesterday's price rising water 30 80 yuan / ton range, willing buyers can press the price level water copper water 20 yuan / ton, good copper still maintain water 70 80 yuan / ton, wet copper once again slightly loose, quotation who 60 ~ discount 30 yuan / ton, although the market inquiry atmosphere is positive, but the transaction is still not satisfactory, today's performance hesitation, because the holder still has no intention to lower the price, Therefore, both supply and demand maintain a stalemate. Downstream to maintain a rigid demand procurement rhythm, the disk for several days to maintain a concussion pattern, spot rise has not changed much, the spot market performance is also relatively calm stalemate. Next week, when the delivery of the long order is over, it will face mid-year settlement again, and the market supply will remain abundant. However, due to the risk event of the spot market at the end of May, it may lead to a shortage of invoices in June and a firm quotation, and the price difference between next month's invoice and next month's invoice may widen.

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