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June 24 Shanghai copper spot market KuaiBao
Jun 24,2019 11:58CST
The content below was translated by Tencent automatically for reference.

SMM June 24: today, Shanghai electrolytic copper spot on the current month contract water 30 ~ 90 yuan / ton, flat water copper transaction price 46790 yuan / ton ~ 46840 yuan / ton, water copper transaction price 46830 yuan / ton ~ 46880 yuan / ton. Shanghai copper continued last week concussion pattern, still around 46800 yuan / ton near shock. The holder quoted a price of 40 to 90 yuan / ton in the morning market, the transaction still shows the characteristics of a saw, flat copper can be reduced to 30 yuan / ton of water, and good copper can also be reduced to 70 yuan / ton of water, the transaction has improved slightly; downstream still maintain rigid demand, wet copper maintain discount 40 yuan / ton to discount 30 yuan / ton quotation; In today's market, there are quotations and transactions for invoices for the next month, with a difference of about 20 yuan per ton from the current month, but most major traders and smelters will still hold firm quotations for the current month's invoices. Futures market is temporarily difficult to get rid of the interval concussion pattern, the last two days of this month long single delivery day is also a rising spot factors, supply and demand will still be stuck in a stalemate.

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