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October 17 Shanghai copper spot market KuaiBao: rising water steady rise, supply and demand showed a stalemate again
Oct 17,2019 12:02CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, Oct. 17: Shanghai electrolytic copper spot contract today rose 50 ~ 80 yuan / ton, Pingshui copper transaction price 46670 yuan / ton ~ 46710 yuan / ton, Shengshui copper transaction price 46690 yuan / ton ~ 46730 yuan / ton. Overnight outer plate continued to fall, Shanghai copper followed closely down, copper prices today in the vicinity of 46600 yuan / ton narrow volatility. After the copper price falls back, the holder has the intention to raise the price, the early market quotation rises 60 ~ rises 80 yuan / ton, the trader still has to the flat water copper bargain receives the goods, the early market may press the price to the flat water copper rises 50 yuan / ton, but soon the holder is unwilling to reduce the rising water shipment, the good copper is still less popular than the flat copper, the quotation is almost the same as the flat copper in the rising water 60 yuan / ton, the wet copper quotation is firm in the rising water 30 yuan / ton first line. The second section trading time, the market maintains the stability quotation rises the water 60 ~ rises the water 80 yuan range. After the market fell, the downstream inquiry increased, but because the holder quotation was firm and unwilling to reduce the price for shipment, it was difficult to reach an agreement, and the willingness of traders to enter the market on the premise of rising water was reduced, and the supply and demand sides returned to the sawing stalemate that had not been seen for a long time.

 

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