October 10 Shanghai copper spot market KuaiBao: copper price 46500 yuan / ton front line, the market maintains the initiative to buy

Published: Oct 10, 2019 11:43

SMM, Oct. 10: Shanghai electrolytic copper spot contract today rose 130 ~ 170 yuan / ton, Pingshui copper transaction price 46700 yuan / ton ~ 46750 yuan / ton, Shengshui copper transaction price 46720 yuan / ton ~ 46770 yuan / ton. Shanghai copper continued to bear pressure down to 46500 yuan / ton near, the plate continued to fall holders firm willingness to lift water, morning market holders quoted water 130 ~ 150 yuan / ton, in the traders continue to take the initiative to receive the lead, the rising water 130 yuan / ton of flat water copper was quickly closed, the holder raised confidence, continue to raise the offer, Pingshui copper reported to the rising water 140 ~ 150 yuan / ton, good copper was raised to 160 ~ 170 yuan / ton. When trading in the second quarter, Pingshui copper continued to be favored by the market, has been led by some large traders to lift to 160 yuan / ton, good copper performance is passive, although the corresponding lift to 180 yuan / ton, but the transaction to maintain stability in the vicinity of 170 yuan / ton, slightly less than flat copper, wet copper is still with the rise, quoted from 100 yuan / ton to 120 yuan / ton. Copper prices around 46500 yuan / ton are generally recognized by downstream manufacturers of the buying range, today's downstream initiative buying increased significantly, traders and downstream have concentrated into the market, traders continue to lead the morning market receiving tide, transaction preference, market transactions to maintain a warm atmosphere.

 

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 to learn 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
Data: SHFE, DCE market movement (Mar 24)
1 hour ago
Data: SHFE, DCE market movement (Mar 24)
Read More
Data: SHFE, DCE market movement (Mar 24)
Data: SHFE, DCE market movement (Mar 24)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 24 Mar , 2026
1 hour ago
China First Heavy Industries Achieves Breakthrough with Successful Trial of 3500mm Copper Rolling Mill
3 hours ago
China First Heavy Industries Achieves Breakthrough with Successful Trial of 3500mm Copper Rolling Mill
Read More
China First Heavy Industries Achieves Breakthrough with Successful Trial of 3500mm Copper Rolling Mill
China First Heavy Industries Achieves Breakthrough with Successful Trial of 3500mm Copper Rolling Mill
China First Heavy Industries has successfully completed the trial rolling of the domestically designed and manufactured 3500mm copper and copper alloy wide and thick plate cold and hot rolling mill, the first of its kind in China, for Chinalco Luoyang Copper Processing Co., Ltd., achieving the goal one month ahead of schedule. This marks a major breakthrough for China in the field of high-end copper and copper alloy wide and thick plate rolling equipment.
3 hours ago
SMM Zhejiang Tax-Inclusive Copper Scrap Reference Price (March 24, 2026)
5 hours ago
SMM Zhejiang Tax-Inclusive Copper Scrap Reference Price (March 24, 2026)
Read More
SMM Zhejiang Tax-Inclusive Copper Scrap Reference Price (March 24, 2026)
SMM Zhejiang Tax-Inclusive Copper Scrap Reference Price (March 24, 2026)
Today, the average price of tax-inclusive Bare Bright Wire in Zhejiang was quoted at 93,700 yuan/mt, marking a daily increase of 700 yuan/mt. The deduction (relative to SMM ChangJiang copper prices) remained stable within the range of 300-400 yuan/mt. Due to recent high-level price pullbacks and sharp market volatility, a strong "wait-and-see" sentiment has emerged, leading to sluggish spot trading performance. Industry experts believe the market is currently in a stalemate. However, trading volumes are expected to bottom out and rebound once prices stabilize or regain their upward momentum.
5 hours ago