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June 25 Shanghai copper spot market KuaiBao
Jun 25,2019 12:19CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, June 25-Today, the spot price of electrolytic copper in Shanghai is quoted for 20 to 80 yuan / ton of water, 46840 yuan / ton to 47030 yuan / ton for flat water copper and 46880 yuan / ton to 47070 yuan / ton for copper water. Copper in Shanghai rose slightly to 46900 yuan per ton today. On the last day of delivery of today's long order, the market is still dominated by the demand for invoice sources for the current month, and the transaction continues to show a stalemate. Spot invoice prices for that month are 40 yuan per ton, and good copper is quoted at 60 yuan per ton for 80 yuan / ton. Pingshui copper holders quote water 20 to 40 yuan / ton, and the invoice source transactions for that month are still slightly improved, and rigid demand is still maintained downstream. Wet copper maintains a discount of 40 yuan to 20 yuan per ton. Today, market transactions still revolve around the demand for bills issued in the current month, but most of the holders have quoted the invoice price for next month, the difference between the invoice price and the invoice price for the current month is about 20 yuan / ton, and the invoice price for copper next month is about 50 yuan / ton. Flat water copper quoted price flat water ~ liter water 20 yuan / ton around. The price quoted by the holder is stable, the willingness to hold the price remains unchanged, and the actual transaction market conditions are still deadlocked; the spot rise will be significantly loosened tomorrow, and the price difference between the current month's invoice and the next month's invoice will not be narrowed.

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