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October 15 Shanghai copper spot market KuaiBao: delivery day light rising water down the whole line
Oct 15,2019 11:51CST
The content below was translated by Tencent automatically for reference.

SMM, Oct. 15: Shanghai electrolytic copper spot contract today rose 40 ~ 100 yuan / ton, Pingshui copper transaction price 46950 yuan / ton ~ 47010 yuan / ton, Shengshui copper transaction price 46960 yuan / ton ~ 47020 yuan / ton. The copper pressure in Shanghai period hovered below 47000 yuan / ton. Today is the last trading day of the 1910 contract, but the market has moved to the next month 1911 contract quotation, the alternate month spread fluctuates frequently between 20-50 yuan / ton, the SMM copper price still maintains the quotation for the current month until the delivery exchange month. This morning, the 1911 contract quotation rose by 40 yuan / ton to 60 yuan / ton, the supply of abundant holders quoted enthusiastically, the transaction was blocked, the holder took the initiative to lower the quotation, good copper quoted water 30 to 40 yuan / ton range, flat copper as low as 20 yuan / ton, wet copper concentrated in the discount of 30 yuan / ton to 10 yuan / ton. Market quotation for 1910 contract, good copper rising water 80 yuan / ton near, flat water copper quotation for rising water 50 yuan / ton near, wet copper rising water 20 yuan / ton near. Subject to the recent strict control of logistics, downstream careful to take goods, still wait and see, delivery day market activity is low, delivery day to the month quotation is lower. Today's market quotation around the 1911 contract launched, the end of the afternoon, low water flat water copper won the favor of some long single users, flat water copper bargain support rising water to stabilize.



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