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October 10 Shanghai copper spot market KuaiBao: copper price 46500 yuan / ton front line, the market maintains the initiative to buy
Oct 10,2019 11:43CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

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.

 

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