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April 1 Shanghai copper spot market report: disk rebound slow pace high rise water makes buying cautious
Apr 1,2020 11:40CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, April 1: Shanghai electrolytic copper spot contract today rose 120 yuan / ton ~ 140 yuan / ton, Pingshui copper transaction price 39540 yuan / ton ~ 39610 yuan / ton, Shengshui copper transaction price 39550 yuan / ton ~ 39620 yuan / ton. The center of gravity of copper in Shanghai period moved up to 39500 yuan / ton. Enter the first day of April, morning market holders continue to lift water delivery, good copper water 150 yuan / ton almost difficult to stay, that is, falling in the water 130 ~ 140 yuan / ton, the market favors flat water copper supply, can still hold firm in the vicinity of 120 yuan / ton, downstream volume reduction, wet copper to maintain yesterday's quotation in the rising water 70 ~ 90 yuan / ton. In the early stage, the absolute value of copper prices was still positive, and at present, copper prices rose and rose underwater to show hesitation; in the continuous high rise underwater, the pace of buying by traders also dropped, and there was some initiative and space to press prices. Traders and downstream performance cautious wait and see, the market initially showed risk aversion waiting mood.

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