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July 29 Shanghai copper spot market KuaiBao
Jul 29,2019 12:02CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

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.

 

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