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July 15 Shanghai copper spot market KuaiBao
Jul 15,2019 12:13CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM July 15-Today, Shanghai electrolytic copper spot on the current month contract water 80 yuan / ton to liter water 180 yuan / ton, flat water copper transaction price 46670 yuan / ton ~ 466870 yuan / ton, rising water copper transaction price 46710 yuan / ton ~ 46930 yuan / ton. Long warehouse Shanghai copper low open high upward, copper prices from above 46500 straight to 46800 yuan / ton above, the target is 47000 yuan / ton. Today is the last trading day of the 1907 contract, the spread structure of the contract has expanded to 80 to 100 yuan / ton range with frequent fluctuations, and the market has fully shifted to the quotation of the 1908 contract every other month, and the 1907 contract is still quoted according to the SMM copper price methodology. The holder of the 1908 contract quotation water 10 to 60 yuan / ton, the market briefly stops after the inquiry atmosphere is active, attracts the trader to enter the market, the early market can press the price flat water copper flat water transaction, the flat water copper concentrated transaction in Pingshui ~ Shengshui 20 yuan / ton, the good copper accounts for less, in the transaction active positive atmosphere small upward quotation to the rising water 70 80 yuan / ton, good copper maintains the transaction positive condition; the wet copper maintains in the discount 20 yuan / ton or so, the good copper accounts for less, under the transaction active atmosphere slightly raises to the rising water 70 80 yuan / ton, the good copper maintains the transaction positive condition; the wet copper maintains in the discount water 20 yuan / ton or so. According to the fluctuation of contract spread, the quotation for 1907 contract is in the range of 80 yuan / ton. On the last trading day of the month, the volatility of the price difference was still relatively frequent, and the spot transactions were OK, mostly concentrated among traders, and the rising water began to close down from the low level, and there was no centralized storage at the weekend, especially the tight supply of copper goods, which will drive other brands to return to the range of 40-100 yuan / ton of rising water in the original operation.

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