July 17 Shanghai copper spot market KuaiBao

SMM July 17-Today, Shanghai electrolytic copper spot on the current month's contract water 20 yuan / ton ~ 80 yuan / ton, flat water copper transaction price 46840 yuan / ton ~ 46900 yuan / ton, rising water copper transaction price 46900 yuan / ton ~ 46940 yuan / ton. Shanghai copper continued the concussion pattern, continued to revolve around 46800 yuan / ton first-line finishing. Morning market holders quoted water 20 to 80 yuan / ton, flat water copper water 20 yuan / ton first ushered in a wave of positive trading, the transaction is OK, and then flat water copper is generally priced around 30 yuan / ton; Good copper tries to follow, but good copper stops at 90 yuan per ton of water. Although there is an offer, it is still difficult to make a general deal. Most of the transactions are concentrated in 70 yuan to 80 yuan per ton of water, and the downstream buying is weak. Wet copper quotations maintain a discount of 40 to 20 yuan / ton range shock. After yesterday's traders received goods at a lower price, today, although traders still have the willingness to receive goods, it is more difficult to have room for price reduction. Most of the holders are unwilling to ship at a low price. Although the market inquiry is positive, the actual transaction is weaker than yesterday. The market activity is also lower than yesterday, and the market is obviously deadlocked again.

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