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July 26 Shanghai copper spot market KuaiBao
Jul 26,2019 12:29CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM July 26th News: today, Shanghai electrolytic copper spot to the current month contract discount 10 yuan / ton to liter water 50 yuan / ton, flat water copper transaction price 46940 yuan / ton ~ 46970 yuan / ton, rising water copper transaction price 46970 yuan / ton ~ 47000 yuan / ton. Shanghai copper continues to shock around 47000 yuan / ton, the weekend is coming, and the long order has basically come to an end, most of the holders have quoted next month's invoice price, next month the ticket holder will report flat water to 30 yuan / ton, the spot purchase is weak, the holder will take the initiative to reduce the price in order to close the deal, the flat copper will take the lead in the transaction, and the transaction will be around 10 yuan / ton discount, and the good copper report will improve only when the water is 20 to 30 yuan / ton. For some downstream, it is still necessary to issue a ticket in the current month. Good copper is about 40 yuan per ton of water, and flat water copper is quoted at about 10 yuan per ton of water. The wet copper is deadlocked at the level of 60 yuan / ton to 30 yuan / ton. Futures market is also difficult to get rid of the interval concussion pattern, traders still maintain the willingness to find goods at low prices, especially flat copper, the willingness to buy a larger discount range, but the market can be reduced to a larger discount brand sources and holders are limited, supply and demand sides are still divided, temporarily maintain a stalemate over the weekend. However, near the end of next week, capital and high temperature weather on the production of downstream enterprises have a certain pressure, trade flows are difficult to significantly increase, spot discount may gradually expand.

 

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