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July 1 Shanghai copper spot market KuaiBao
Jul 1,2019 12:08CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM July 1 News: today, Shanghai electrolytic copper spot on the current month's contract water 30 yuan / ton to liter water 100 yuan / ton, flat water copper transaction price 47280 yuan / ton ~ 47320 yuan / ton, rising water copper transaction price 47320 yuan / ton ~ 47370 yuan / ton. The results of the consultations at the Sino-US meeting were positive, with copper rising and copper opening as high as 47200 yuan per ton in Shanghai. In July, the enterprise capital is too loose, the transaction enters the new trading cycle, the morning market holder opens the report in the rising water 50 100 yuan / ton range, the strong price intention is obvious, but the transaction reaction is not positive enough, under the transaction hindrance, the flat water copper can press the price to the rising water 30 to 40 yuan / ton range, the good copper cargo source accounts for less, it is difficult to have the pressure price space, the transaction is concentrated in the rising water 80 to 100 yuan / ton range, downstream maintains the rigid demand to buy, Wet method stalemate in the discount 50 ~ discount 30 yuan / ton quotation. The disk surface is high, the market can circulate the source of goods has not seen a large number of outflows, today's mainstream transactions are mostly concentrated in traders, holders across the first day of the month strong willingness to push up the price, the same strong characteristics are more obvious.

 

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