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On October 18, Shanghai copper spot market KuaiBao: it is difficult to break the stalemate pattern without changing the trend of tipping prices.
Oct 18,2019 11:50CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, Oct. 18: Shanghai electrolytic copper spot contract today rose 70 ~ 100 yuan / ton, Pingshui copper transaction price 46710 yuan / ton ~ 46750 yuan / ton, Shengshui copper transaction price 46730 yuan / ton ~ 46770 yuan / ton. Shanghai copper along the 46600 yuan / ton line finishing, the market price trend unchanged. The price of Pingshui copper is 70 ~ 80 yuan / ton, good copper is stable in 90 ~ 100 yuan / ton, wet copper is generally quoted 40 ~ 50 yuan / ton, the lower reaches favor the low price source of wet copper, and some of the goods can be received at low price to 30 yuan / ton. The source of low-price goods is still favored, but the quotation of the holder is stable, and there is no atmosphere of price reduction and cash conversion, the downstream maintains stable and rigid demand, trade lacks profit space and few speculators speculate, the supply of goods is still abundant, and it is difficult to push up to 100 yuan. It is also difficult to break through the fluctuation of the interval, and the supply and demand sides are in a stalemate again.

 

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