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October 30 Shanghai copper spot market KuaiBao: copper futures continue to sort out spot trading is difficult to improve
Oct 30,2019 11:41CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, Oct. 30: today, the spot price of electrolytic copper in Shanghai is 10 ~ 20 yuan / ton, the transaction price of flat water copper is 47360 yuan / ton ~ 47410 yuan / ton, and the transaction price of copper water is 47380 yuan / ton ~ 47420 yuan / ton. Shanghai copper continued to horizontal finishing, concussion in 47400 yuan / ton line. Morning market holders quoted flat water ~ rising water 20 yuan / ton, the end of the month, the market wait-and-see mood under the transaction is weak, few people respond, flat copper had no choice but to drop to 10 yuan / ton discount, good copper quotation reduced 10 yuan / ton, inquiry increased, the transaction only slightly improved; The supply of wet copper flowed out of a large number of large households, and the surge in the supply of wet copper dragged down the quotation of wet copper, and the discount was obviously expanded, from 40 to 30 yuan / ton to around 60 yuan / ton. Copper futures high horizontal, the market remains cautious wait-and-see; downstream continues to maintain the demand, traders expect a greater discount price to receive goods, trade trading atmosphere is still difficult to improve before the month.

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