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July 24 Shanghai copper spot market KuaiBao
Jul 24,2019 11:53CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM July 24-Today, Shanghai electrolytic copper spot on the current month contract quoted water 10 yuan / ton to 70 yuan / ton, flat water copper transaction price 46940 yuan / ton ~ 47020 yuan / ton, rising water copper transaction price 46980 yuan / ton ~ 47070 yuan / ton. After increasing the position in the night sky, the lowest position of Lun Copper went down the US $5950 / ton gate, while Shanghai Copper opened low below the 47000 level and oscillated along the line. Futures down the holder attempts to raise the water price, the holder quoted water 30 80 yuan / ton, traders still have the willingness to receive goods, but the offer is unattractive, after a moment of stalemate, good copper down to Shengshui 50 60 yuan / ton concentrated transactions, flat copper initiative down to 10 yuan / ton, there is no room for pressure; today, there is an increase in downstream inquiries, there is a willingness to enter the market, wet copper quotations to discount 50 to 30 yuan / ton range. The disk is under pressure, but it has not yet reached the ideal price range downstream. Although there are buying orders downstream, most of them are cautious, and traders continue to be willing to receive goods, but they have not seen the discount quotation today, so they have not reached the price range that they can buy. Under the saw of supply and demand, it is very difficult for the rising water to continue to be difficult.

 

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