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October 9 Shanghai copper spot market KuaiBao: copper prices fell initiative buying increased, rising water held steady
Oct 9,2019 11:53CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, Oct. 9 / PRNewswire-Asianet /-Today, Shanghai electrolytic copper spot contract rose 100 ~ 140 yuan / ton, Pingshui copper transaction price 46770 yuan / ton ~ 46800 yuan / ton, Shengshui copper transaction price 46790 yuan / ton ~ 46820 yuan / ton. The dollar rose to a high of 99.2, putting pressure on copper prices, and Shanghai copper fell below all moving averages to 46600 yuan per tonne. Morning market holders quoted water 100 ~ 130 yuan / ton, the market under the guidance of traders to inquire actively, active buying increased significantly, a round of active collection in the morning market ordered the holder to lift the offer immediately, Pingshui copper pushed up to 110 ~ 120 yuan / ton, good copper rose to 130 ~ 140 yuan / ton, the transaction activity was suppressed after the rising water, and it is difficult to show further improvement for the time being. Wet copper followed by the rise, stable rising in the rising water 70 yuan / ton ~ 80 yuan / ton. The performance of the disk price fell today, attracting downstream market entry on a bargain basis, the demand for goods improved significantly, the source of low-rise water goods was still attractive, and traders were still interested in pushing up water again. Today's buying contribution was led by traders. If the market continues to decline, the rising water may hold firm.

 

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