Home / Metal News / Copper / June 28 Shanghai copper spot market KuaiBao
June 28 Shanghai copper spot market KuaiBao
Jun 28,2019 11:47CST
The content below was translated by Tencent automatically for reference.

SMM June 28-Today Shanghai electrolytic copper spot to the current month contract discount 10 yuan / ton to liter water 50 yuan / ton, flat water copper transaction price 46980 yuan / ton ~ 47080 yuan / ton, rising water copper transaction price 47020 yuan / ton ~ 47120 yuan / ton. Shanghai copper maintained a concussion pattern of 47000 yuan per ton. Today is the final settlement date in June of the half-year, and the market activity is low, showing the full characteristics of settlement at the end of the month. Early trading holders continued yesterday's quotation Pingshui ~ Shengshui 50 yuan / ton, trading stopped, individual holders in the exchange request to lower the quotation, good copper as low as 30 to 40 yuan / ton, flat copper once had a discount of 10 yuan / ton source, low price source to attract some of the capital strength traders, attracted a wave of short-term receiving tide, and then the quotation quickly returned to the original quotation range of early trading. The price of copper is as low as 30 yuan / ton, and the price of copper is as low as 10 yuan / ton. the low price source attracts some traders with capital strength, which leads to a wave of brief receiving tide, and then the quotation quickly returns to the original quotation range of early trading. Most of the downstream also entered the settlement state, the actual demand weakened, wet copper price down to 70 ~ 50 yuan / ton discount. With the G20 summit approaching, the market risk sentiment has increased, the copper price at the 47000 yuan / ton mark appears to be in jeopardy, and the market has maintained a cautious wait-and-see attitude. Today, most of the active consignors are traders with funds and downstream customer groups, receiving goods at a low price in preparation for next week's cross-month transaction. At present, the supply of imported copper stored by enterprises in the market is not very sufficient. Next week, after entering July, the shackles of funds will be lifted, and the spot rising water may remain firmly at the current rising water level.


"Click to view SMM historical price data


copper price
noon news

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news