October 24 Shanghai copper spot market KuaiBao: copper prices rise to curb consumption spot buying is insufficient to lower to flat water

Published: Oct 24, 2019 12:11

Save

SMM, Oct. 24: Shanghai electrolytic copper spot contract for the current month quoted flat water ~ 50 yuan / ton, flat water copper transaction price 47300 yuan / ton ~ 47350 yuan / ton, Shengshui copper transaction price 47330 yuan / ton ~ 47380 yuan / ton. Overnight crude oil soared, superimposed a number of Chilean copper mines joined the strike activities, Shanghai copper was led by two positive signals to 47300 yuan / ton, an increase of more than 300 yuan / ton. Copper prices are high to curb market buying sentiment, and today is the last monthly ticket trading day before the tax ticket upgrade, this month's long order has also basically ended, morning market holders quoted 30-60 yuan / ton. However, due to no response, the twinkling of an eye decreased to a good copper rising water of about 40 yuan / ton, flat water copper rising water of 10 ~ 20 yuan / ton, the transaction has improved. In the second quarter of the trading period, eager to cash holders to lower the price again, flat copper low to flat water near, good copper was forced to rise to 30 yuan / ton to slow down, wet copper followed by the downward offer of 20 yuan / ton ~ flat water. Before the upgrading of tax tickets, most of the monthly tickets in the market today were mainly traded on monthly tickets, and individual monthly tickets still maintained a price difference of nearly 30 yuan / ton with next month's tickets. Copper prices rose, curbing downstream pick-up, traders ample inventory, resulting in the overall market demand performance is light.

Copper copper price spot current copper afternoon news

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 6, 2026 23:56

"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"

Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment. The meeting noted that promoting effective investment plays an important role in stabilizing economic growth and strengthening momentum for development. It is necessary to innovate and improve policy measures, and intensify efforts to enhance the efficiency of utilizing funds such as central budget investments, ultra-long-term special treasury bonds, local government special bonds, and new-type policy-based financial instruments. In conjunction with formulating and implementing the 15th Five-Year Plan

Feb 6, 2026 23:56

Feb 6, 2026 23:54

"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...

Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the Party’s 20th Central Committee, fully and faithfully apply the new development philosophy, strengthen top-level design, build computing power interconnection nodes oriented toward national hub periods, major strategic regions, and key industries, establish a system of computing power interconnection nodes, improve the efficiency and service level of public computing power resources, and promote high-quality development of computing power.

Feb 6, 2026 23:54

Feb 6, 2026 23:47

Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions

After intensive indirect consultations, the new round of nuclear talks between Iran and the US in Muscat, the capital of Oman, has achieved phased progress. It is reported that during this round of talks, the Iranian and US delegations did not meet directly. Instead, Omani Foreign Minister Badr acted as an intermediary, conveying a series of core proposals, strategic concerns, and policy positions to the other side. The atmosphere at the talks was tense yet efficient. According to preliminary on-site assessments, although both sides continue to negotiate over specific terms, they have reached a consensus on the key objective of "continuing dialogue."

Feb 6, 2026 23:47