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July 11 Shanghai copper spot market KuaiBao
Jul 11,2019 12:11CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM July 11 News: today, Shanghai electrolytic copper spot on the current month contract water 60 yuan / ton to liter water 110 yuan / ton, flat water copper transaction price 46500 yuan / ton ~ 46550 yuan / ton, rising water copper transaction price 46540 yuan / ton ~ 46580 yuan / ton. Overnight basic metals generally rebounded, copper prices returned to above 46000 yuan / ton, rebounding to 46400 yuan / ton line, copper prices rose nearly 700 yuan / ton. When the disk level hovered low yesterday, the buying activity of downstream and traders was relatively high. After the rebound today, the buying strength of the market weakened. In the morning, the quotation of the holder rose 80 to 120 yuan / ton. Under the premise of higher saturation, the transaction was significantly difficult. The holder took the initiative to downgrade the quotation. The flat water copper concentrated on 60 to 70 yuan / ton, and the good copper was stable in the vicinity of 100 yuan / ton. Wet copper maintained the characteristics of low price. The transaction was made at 10 yuan per ton of water discount and 10 yuan per ton of water. The macro environment uncertainty is enhanced, the consumption is difficult to block the market alone, the high position suppresses part of the downstream buying sentiment, the market transaction enthusiasm weakens, the transaction heat is obviously not as good as yesterday, again shows the stalemate pattern.

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