Home / Metal News / Copper / On Oct. 25, Shanghai copper spot market KuaiBao: the tax bill started to upgrade today and the buying downturn caused the spot to show the discount status for the first time.
On Oct. 25, Shanghai copper spot market KuaiBao: the tax bill started to upgrade today and the buying downturn caused the spot to show the discount status for the first time.
Oct 25,2019 11:48CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, Oct. 25: Shanghai electrolytic copper spot on the current month contract discount 20 ~ 10 yuan / ton, Pingshui copper transaction price 47190 yuan / ton ~ 47240 yuan / ton, Shengshui copper transaction price 47210 yuan / ton ~ 47260 yuan / ton. The copper rush height of Shanghai period is blocked in the first line of 47200 yuan / ton. According to the announcement of the Shanghai Internal Revenue Bureau, starting today, the market can no longer issue the current monthly ticket, fully open the quotation for the next monthly ticket, the market is abundant, and the holder's willingness to exchange cash is strengthened. Pingshui copper appeared a discount quotation early in the morning, and good copper can only be maintained in the first line of rising water 10 yuan / ton, because the inquiry atmosphere is also relatively light, very few people want the goods, and Pingshui copper is the first to drop to 20 yuan / ton. A small number of lower prices, good copper reported to be reduced to flat water, although the transaction is still weak, but the holder is not willing to discount the shipment. Wet copper kept pace with the market price reduction, and the discount continued to expand, from 30 yuan / ton to 50 yuan / ton. Although copper prices have fallen, but still in a high position, the market remains cautious wait-and-see; traders expect a larger discount price to receive goods, the market buying low is still the main reason for the rise and fall.

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