July 29 Shanghai copper spot market KuaiBao

Published: Jul 29, 2019 12:02 (GMT+8)

Save

SMM July 29-Today, Shanghai electrolytic copper spot on the current month contract flat water ~ liter water 70 yuan / ton, flat water copper transaction price 46870 yuan / ton ~ 46920 yuan / ton, rising water copper transaction price 46920 yuan / ton ~ 46970 yuan / ton. Shanghai copper is still continuing the concussion pattern, along the 46900 yuan / ton line finishing. In the morning, the quoted price is 20 yuan / ton to 70 yuan / ton, the market stops to wait and see, the willingness to change is low, the price of flat water copper is about 10 yuan / ton, and the good copper is stable at 60 yuan / ton. In the second trading session, the holder took the initiative to reduce the price, and around 50 yuan / ton of good copper rising water, flat copper remained stable at 10 yuan / ton of rising water. Under the capital pressure of enterprises at the end of the month, the goods were centrally thrown at the front line of Pingshui, and the downstream rigid demand was maintained. The supply of wet copper was tight, and there was almost no price difference with the imported low-end flat copper. The transaction was gradually carried up in the discount of 20 yuan to 10 yuan per ton. On Monday, the market was still more cautious, and the trade activity was insufficient. Downstream continued rigid demand procurement, the market continues to show the characteristics of supply and demand.

"Click to view SMM historical price data

Copper copper price spot copper noon news

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

SHFE: Approves Jinchuan Group Co., Ltd. to increase the registered production site for “JNMC” brand Grade A copper (permanent cathode-K)

3 hours ago

4 hours ago

[SMM Announcement] Chinese Market Metal Prices and News Updates Suspended during National Day Holiday (Oct 1-7)

4 hours ago

Koryx Copper Completes Haib PFS Drilling, Targets Updated Resource and PFS by Year-End

Koryx Copper has completed its infill and expansion drilling programme at the wholly owned Haib Copper Project in southern Namibia, advancing the project toward an updated Mineral Resource Estimate (MRE) and Pre-Feasibility Study (PFS) targeted for publication before the end of 2026. The company reported assay results from a further 18 drill holes totalling 7,074 metres. Among the latest results, hole HM199 returned 438 metres grading 0.40% copper equivalent (CuEq), including 224 metres at 0.51% CuEq. Hole HM193 returned 681 metres at 0.34% CuEq, including 22 metres at 0.71% CuEq and 169 metres at 0.40% CuEq. Koryx said the results continued to demonstrate wide mineralised intercepts across the Haib deposit, together with higher-grade zones closer to surface in some areas. The company said the results broadly correlate with its existing geological model, while the completed drilling programme will feed into geological modelling and estimation work for the updated resource estimate and PFS. Haib is a large disseminated porphyry copper-molybdenum-gold deposit. Koryx currently envisages developing the project as a large-scale open-pit operation using conventional sulphide milling and flotation to produce copper and molybdenum concentrates. The latest drilling follows Koryx's March 2026 Mineral Resource Estimate, which reported 744 million mt of Indicated material grading 0.28% copper, containing approximately 2.09 million mt of copper, and 579 million mt of Inferred material grading 0.24% copper, containing approximately 1.39 million mt of copper, using a 0.15% copper cut-off. Koryx said the updated MRE and PFS remain on track for publication before the end of 2026. Completion of the PFS drilling programme marks another step in Koryx Copper's advancement of Haib toward a potential large-scale copper development. The latest drilling continues to show broad mineralised intervals, while the upcoming updated resource estimate will provide greater clarity on whether recent infill and expansion drilling has materially changed the project's resource base. Attention will now turn to the updated MRE and PFS expected before year-end, which should provide further detail on the proposed mine configuration, processing strategy, production profile and project economics.

4 hours ago