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July 30 Shanghai copper spot market KuaiBao
Jul 30,2019 11:34CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM July 30 News: today, Shanghai electrolytic copper spot on the current month contract water 10 ~ 60 yuan / ton, flat water copper transaction price 47260 yuan / ton ~ 47350 yuan / ton, water copper transaction price 47300 yuan / ton ~ 47350 yuan / ton. Lun Copper broke through the US $6000 mark to a high of 6023 yuan per ton, while Shanghai Copper also rose as high as 47300 yuan per ton, an increase of nearly 400 yuan per ton. In the morning, the holder quoted water 20 to 60 yuan / ton, the willingness to push the price remained unchanged, but the transaction was limited. In the morning market, some traders received flat water copper near 10 yuan / ton, then flat water copper stabilized at 20 to 30 yuan / ton, good copper stabilized at 50 to 60 yuan / ton, there is no room for pressure, and there is almost no price difference between good copper and flat water copper. Wet copper continues the state of tight price, stable in the discount 20 to 10 yuan / ton, only part of the low-end imported copper in the discount 30 yuan / ton line. At the end of the month, copper futures rose, but the spot market did not see the exchange of goods, the quotation is still strong, the main reason is still the recent arrival of imported copper limited, most traders do not have financial pressure, so there is no discount source of throwing goods, at the same time, it is also difficult to carry up the water at the end of the month, the market transaction activity is low, continue to stalemate the characteristics of the saw.

 

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