November 13 Shanghai copper spot market express: copper prices fall in supply to promote the rise of water jump

SMM, Nov. 13: Shanghai electrolytic copper spot contract today rose 110 ~ 150 yuan / ton, Pingshui copper transaction price 47010 yuan / ton ~ 47070 yuan / ton, Shengshui copper transaction price 47040 yuan / ton ~ 47090 yuan / ton. Shanghai copper jump low to break 47000 yuan / ton to explore 46900 yuan / ton line. In the morning, the inquiry was actively active, and the traders' willingness to receive goods on bargains was clear. The holders jumped short and raised the quotation by 110 yuan / ton to 140 yuan / ton, which still attracted some traders to actively enter the market to receive the goods. Immediately, the copper in flat water was raised by 120 yuan / ton to 130 yuan / ton; the holder insisted on a firm offer, and the good copper was raised in 140 yuan / ton to 150 yuan / ton. Wet copper in line with the market price of 50 ~ 60 yuan / ton, downstream bargain buying increased, some of the holders immediately higher than 7080 yuan / ton, but the rising water suppresses the downstream rhythm of entering the market. Copper futures fell sharply, the supply of goods in circulation in the market is limited, suction trade speculation took the initiative to lead the market to buy, the transaction broke the deadlock pattern at the beginning of the week has been significantly improved compared with the previous two days.