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July 22 Shanghai copper spot market KuaiBao
Jul 22,2019 11:54CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM July 22: today, Shanghai electrolytic copper spot on the current month contract discount 20 yuan / ton to liter water 50 yuan / ton, flat water copper transaction price 47540 yuan / ton ~ 47630 yuan / ton, rising water copper transaction price 47580 yuan / ton ~ 47680 yuan / ton. Last Friday night, Shanghai copper rushed up 48000 yuan and quickly fell back, today at 47600 yuan / ton line concussion finishing, long closed position concentrated, spot market holders throw goods for a strong mood, although the initial quotation in the rising water 10 to 60 yuan / ton, but there is little transaction, in the initiative of the holder to lower the offer, the offer continues to decline, flat copper quotation as low as 20 yuan / ton, good copper as low as 30 yuan / ton, but the market trading is still weak, The downstream purchase is less, and the wet copper follows the quoted price of 60 yuan to 40 yuan per ton. The disk is uncertain, the downstream fear of high sentiment is strong, more cautious wait-and-see, although traders have the willingness to buy the current selling period, but also afraid that the disk will appear anti-pumping, spot discount is not as good as psychological expectations, market acceptance and progress is declining, the transaction continues to be light.

 

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