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October 16 Shanghai copper spot market KuaiBao: after the month, the rising water is stable, Pingshui copper low price supply is favored
Oct 16,2019 11:45CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, Oct. 16: Shanghai electrolytic copper spot contract today rose 40 ~ 70 yuan / ton, Pingshui copper transaction price 46880 yuan / ton ~ 46930 yuan / ton, Shengshui copper transaction price 46900 yuan / ton ~ 46950 yuan / ton. Shanghai copper pressure fell to 46800 yuan / ton first-line shock. On the first day after the exchange month, the holder kept a steady offer of 40 yuan / ton to 70 yuan / ton, and the low price source was favored by the market, attracting traders to enter the market to receive the goods. In the morning market, the price was still low, and the transaction activity was still good. In particular, the purchase of copper in Pingshui was relatively high, and the inquiry was obviously more active. However, at the beginning of the week, the pressure on inventory was still there, and it was difficult to make substantial changes for the time being. Pingshui copper was concentrated in Shengshui 40 to 50 yuan / ton. Good copper to maintain stability in the rising water 60 ~ 70 yuan / ton; Downstream on-demand procurement, wet copper more than 10 yuan / ton transaction. Today, the trading atmosphere in the market has slightly improved against the background of traders receiving goods at low prices in order to deliver long orders. In the long delivery cycle, the source of goods with low water quality and high price is still attractive.

 

 

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