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October 31 Shanghai copper spot market express: supply and demand continue to saw at the end of the month, waiting to break the deadlock after the month
Oct 31,2019 11:41CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM October 31: Shanghai electrolytic copper spot to the current month contract discount 10 ~ 20 yuan / ton, Pingshui copper transaction price 47160 yuan / ton ~ 47220 yuan / ton, Shengshui copper transaction price 47180 yuan / ton ~ 47240 yuan / ton. Shanghai copper pressure fell to 47200 yuan / ton line, the spot market stalemate unchanged, the last day of the month, market consumption is weak, trade market activity is difficult to improve, the market continued yesterday's quotation, the morning market offer discount 10-liter 20 yuan / ton. Pingshui copper discount 10 yuan / ton is common, the market inquiry atmosphere is still positive, a small amount of supply can have 5 yuan / ton pressure space, good copper to maintain 10 ~ 20 yuan / ton, wet copper continuation supply is abundant, the quotation is generally as low as 60 yuan / ton ~ 50 yuan / ton. At the end of the month, the downstream is still waiting and watching, there is no active buying, the offer of the holder remains unchanged, some traders have low prices, but the pressure space is limited, the supply and demand sides continue to pull saws, the market is lacklustre, waiting for tomorrow to cross the month, the transaction is expected to break the deadlock.

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