July 5 Shanghai copper spot market KuaiBao

Published: Jul 5, 2019 12:00

SMM July 5-Today, Shanghai electrolytic copper spot to the current month contract water 60 yuan / ton to liter water 140 yuan / ton, flat water copper transaction price 46380 yuan / ton ~ 46480 yuan / ton, rising water copper transaction price 46440 yuan / ton ~ 46550 yuan / ton. Shanghai copper to maintain low shock, weak down to 46300 yuan / ton line. In the morning, the market continues the high water price of 80 to 140 yuan / ton, the market willingness to receive goods is obviously lower than the previous two days, the transaction stops, the holder takes the initiative to adjust the quotation, flat water copper is generally 60 to 70 yuan / ton, good copper is concentrated in rising water 120 to 130 yuan / ton; downstream to maintain rigid demand to buy, but the supply of wet copper is not much, to maintain stability in the discount 20 yuan / ton ~ flat water. Weekend market buying is not enough, the holder's willingness to cash has been significantly improved, although the inquiry is positive, but the transaction is still difficult, this week's rising water day by day rising mode may be difficult to continue.

 

"Click to view SMM historical price data

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn