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October 28 Shanghai copper spot market KuaiBao: seller's top price, supply and demand shows the trend of sawing
Oct 28,2019 11:43CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM Oct. 28: Shanghai electrolytic copper spot to the current month contract discount 10 ~ 20 yuan / ton, Pingshui copper transaction price 47340 yuan / ton ~ 47390 yuan / ton, Shengshui copper transaction price 47360 yuan / ton ~ 47400 yuan / ton. Shanghai copper is blocked by 47400 yuan / ton in the morning. In the morning, the offer of the holder is firm in flat water ~ 30 yuan / ton, but when the copper price is high and all VAT tickets are closed, it is very difficult for the downstream to have the willingness to receive goods into the market, while the willingness of traders to receive goods is at a relatively high discount level and in the absence of trading. In the case of lack of trading, the overall quotation appears loose decline, and the good copper price is adjusted down to 10 ~ 20 yuan / ton. Pingshui copper discount 10 yuan / ton, the transaction slightly improved, wet copper supply is stable in the discount 40 ~ 30 yuan / ton range. Traders intend to receive more goods at discount, while holders have not increased the rate of price reduction for the time being, there is little price difference between good copper and flat copper, the stalemate between buyers and sellers is obvious, and the spot trade trading atmosphere is difficult to improve for the time being.

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