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Review on the spot Trading Day of scrap Copper on June 25
Jun 25,2019 17:55CST
The content below was translated by Tencent automatically for reference.

SMM, June 25 / PRNewswire-Asianet /-

Today, Shanghai Copper main 1908 contract morning market opened at 46890 yuan / ton, today Shanghai electrolytic copper spot for the current month contract water 20 ~ 80 yuan / ton, today long order delivery last day, the market is still the current month invoice supply demand, the transaction continues to show stalemate saw, spot monthly invoice quotation 40-80 yuan / ton, good copper quoted in Shengshui 60-80 yuan / ton, Pingshui copper holder quoted water 20-40 yuan / ton, near the price of water 20-40 yuan / ton, the spot invoice price rose 40 yuan / ton, the spot copper quoted price rose 60 yuan to 80 yuan / ton, and the Pingshui copper holder quoted water 20 yuan / ton. The invoice transaction of the month improved slightly, and the rigid demand was still maintained downstream, and the wet copper discount was quoted at a range 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.

Guangdong area 1 # bright copper quotation 42800 yuan / ton ~ 43100 yuan / ton, is flat from yesterday; today refined waste price difference 1264 yuan / ton, refined waste price difference rebounded slightly, but at present on the market available scrap copper goods source continues to be in short supply, the holder asking price is firm, the buyer and seller are still cautious.

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