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Comment on the spot Trading Day of scrap Copper on July 16
Jul 16,2019 17:31CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, July 16 / PRNewswire-Asianet /-

Today, the main 1909 contract of Shanghai Copper opened at 46920 yuan / ton in the morning. Today, the spot of electrolytic copper in Shanghai reported flat water to 80 yuan / ton of water for the current month. Shanghai copper maintained a high shock of 46800 yuan per ton. In the morning, the holder quoted 20 to 80 yuan / ton, the market inquiry atmosphere is active, the traders' willingness to receive goods is obvious, the flat water copper in the general transaction of 10 yuan / ton, the pressure price atmosphere is rich, part of the flat water copper can be traded actively in the Pingshui line, good copper concentrated in the rising water 60 to 80 yuan / ton, good copper is difficult to have the lower price space, the market low price source transaction is active; the good copper is concentrated in the rising water 60 80 yuan / ton, the good copper is difficult to have the lower price space, the market low price source transaction is active; The wet copper is basically maintained in the range of 40 yuan / ton and 10 yuan / ton, and the rigid demand is maintained downstream. Today's market transactions to traders to buy and sell the period as the main contributor, pay attention to the subsequent supply of goods to the warehouse will determine the trend of water supply.

Guangdong No. 1 bright copper quoted price of 42800 yuan / ton ~ 43100 yuan / ton, the same as yesterday, refined waste price difference of 1679 yuan / ton. For one or two months in a row, scrap copper holders have maintained the mood of holding goods and cherishing sales, and shipped less; recently, the price difference of refined scrap copper rods has widened, attracting part of the downstream to switch to scrap copper rod consumption, and at the same time, due to financial pressure, scrap copper holders have a small number of shipments.

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