July 9 Shanghai copper spot market KuaiBao

Published: Jul 9, 2019 12:00

SMM July 9: today, Shanghai electrolytic copper spot to the current month's contract water 40 yuan / ton to liter water 100 yuan / ton, flat water copper transaction price 46160 yuan / ton ~ 46210 yuan / ton, rising water copper transaction price 46200 yuan / ton ~ 46250 yuan / ton. Shanghai copper continued to bear pressure fell to around 46100 yuan / ton, spot consumption is weak, holders bearish the future, the willingness to cash out is strong, the morning market quotation rose 60 to 100 yuan / ton, the transaction is few and difficult, the loose source of goods makes the rising water quickly fall back, flat water copper quotation rose 40 to 50 yuan / ton, good copper down to 80 to 90 yuan / ton, individual traders take the lead to increase the low price shipping efforts, the market has a certain drag impact, the price can be reduced to a lower level, the price of copper rose 40 yuan to 50 yuan per ton, good copper down to 80 yuan per ton, individual traders take the lead in increasing the strength of low-price shipment, there is a certain drag on the market, the price can be reduced to a lower level; Wet method accounted for a small proportion of goods, maintain yesterday's quotation discount 30 ~ 10 yuan / ton, downstream did not see a large number of bargains, traders are more active, but slightly hesitant to buy goods, traders have room and willingness to bargain. The future is now falling, and the copper market is weak.

"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 to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Operating Rate of SMM Scrap-Derived Copper Anode Producers 58.81%
8 hours ago
Operating Rate of SMM Scrap-Derived Copper Anode Producers 58.81%
Read More
Operating Rate of SMM Scrap-Derived Copper Anode Producers 58.81%
Operating Rate of SMM Scrap-Derived Copper Anode Producers 58.81%
[SMM Copper Anode] After the holiday, scrap-derived copper anode producers in China had all resumed normal operations. From March 6 to March 12, the operating rate of SMM scrap-derived copper anode producers was 58.81%, up 10.43 percentage points MoM. As the price difference between primary metal and scrap narrowed and copper anode RCs remained high, the operating rate is expected to fall to 58.72% next week.
8 hours ago
Yukun Materials' Phase II Recycled Copper Ingot Project Nears Completion, Aims for 100,000 Tons Annual Capacity
9 hours ago
Yukun Materials' Phase II Recycled Copper Ingot Project Nears Completion, Aims for 100,000 Tons Annual Capacity
Read More
Yukun Materials' Phase II Recycled Copper Ingot Project Nears Completion, Aims for 100,000 Tons Annual Capacity
Yukun Materials' Phase II Recycled Copper Ingot Project Nears Completion, Aims for 100,000 Tons Annual Capacity
At the Phase II construction site of Yukun Materials Technology Co., Ltd.'s recycled copper ingot project, it can be seen that the main structure of the plant has been completed. The entire project is expected to be fully finished in the second quarter. With a total investment of 1.08 billion yuan for Phase II, the annual production capacity of recycled copper ingots is projected to reach 100,000 tons once it reaches full operation.
9 hours ago
This Week, the Operating Rate of the Enamelled Wire Industry Rebounded to 85.13%
10 hours ago
This Week, the Operating Rate of the Enamelled Wire Industry Rebounded to 85.13%
Read More
This Week, the Operating Rate of the Enamelled Wire Industry Rebounded to 85.13%
This Week, the Operating Rate of the Enamelled Wire Industry Rebounded to 85.13%
Supported by ample earlier orders and full production schedules, the operating rate of the enamelled wire industry rose 4.06 percentage points WoW to 85.13% this week. According to enterprise feedback, new orders underperformed expectations this week. Affected by downstream wait-and-see sentiment amid falling prices, enterprises were relatively cautious in placing orders, and new orders increased by only 0.11 percentage points.
10 hours ago