Review on the spot Trading Day of scrap Copper on July 2

Published: Jul 03, 2019 09:53 (GMT+8)

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SMM, July 2 / PRNewswire-Asianet /-

Today, Shanghai copper main 1908 contract early market opened at 47330 yuan / ton, the dollar rose strongly, domestic metals generally fell. Copper in Shanghai fell 700 yuan per ton to 46600 yuan per ton. Today, the spot price of electrolytic copper in Shanghai is quoted at 40 yuan / ton to 100 yuan / ton for the current month's contract, the quotation from the holder is firm, the market inquiry is active, the price of flat copper is concentrated at 40 yuan / ton, the price of copper is 80 yuan per ton, the transaction of good copper is 80 yuan per ton, the transaction downstream is slightly better than yesterday, the wet copper is slightly higher than yesterday, and the quotation is 40 yuan / ton to 20 yuan / ton. the price of flat copper is 40 yuan / ton, the price of copper is 80 yuan / ton, the transaction of good copper is 80 yuan / ton, the transaction is slightly better than yesterday, wet copper is slightly higher than yesterday, and the quotation is 40 yuan / ton to 20 yuan / ton. The market supply is not loose, especially good copper is still tight, coupled with the lower part of the bargain, it is difficult to lower the price today, it is difficult to receive low price sources, the market inquiry atmosphere is active, there is a willingness to buy, the holder performance is more persistent, rising water may still have room to push again.

Guangdong No. 1 bright copper quoted price of 42600 yuan / ton ~ 42900 yuan / ton, down 42600 yuan / ton compared with yesterday; today's refined waste price difference of 1161 yuan / ton. Copper futures fell, scrap price gap narrowed, scrap copper absolute price is low, scrap copper holders shipping willingness is low; at the same time, scrap copper price advantage is low, consumption is still light. Now the market focuses on the examination and approval of imported scrap copper. At present, the approval documents in Zhejiang and Anhui regions have been issued, and the quantity is basically the same as that of the six categories of scrap imports in the same period last year. It is reported that the second batch of approvals will be released on July 10.

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