SMM, Aug. 12 / PRNewswire-Asianet /-
Today, the main 1909 contract of Shanghai Copper opened at 46680 yuan / ton in the morning. Today, the spot of electrolytic copper in Shanghai reported rising water of 30 yuan to 70 yuan per ton of water for the current month. Shanghai copper around 46500 yuan / ton first-line shock finishing. Inventory increased, the holder is eager to change, Monday quotation shows a downward trend, early market quotation 50 ~ 70 yuan / ton, difficult to close, the holder took the initiative to reduce the water quotation in order to close the deal, flat copper was the first to fall to 30 ~ 40 yuan / ton, the transaction slightly improved, good copper water 60 yuan / ton, there is room for pressure; The supply of wet copper is still on the low side, the price is about 10 yuan / ton, and there is little price difference between wet copper and flat copper. The supply of goods in the market is gradually increasing, downstream consumption is not strong, traders have little room for trade profits, the source of goods is difficult to digest, and transactions gradually highlight the characteristics of oversupply.
Guangdong No. 1 bright copper quotation is 43000 yuan / ton ~ 43300 yuan / ton, which is the same as last Friday, and the difference of refined waste price is 899 yuan / ton. Today, copper prices maintain a volatile trend, scrap copper market transactions also basically maintain Friday's prices, but due to the follow-up price and consumer uncertainty, the overall market wait-and-see situation is thicker, transaction caution; high-quality scrap copper to maintain a tight supply situation, strong willingness to hold high prices, downstream delivery performance hesitation, scrap copper market as a whole light transactions.
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