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April 2 scrap copper spot trading daily review: Malaysia start delay, scrap copper output continues to be blocked
Apr 2,2020 17:10CST
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SMM, April 2: Shanghai electrolytic copper spot contract today rose 130 yuan / ton ~ 150 yuan / ton, Pingshui copper transaction price 38980 yuan / ton ~ 39390 yuan / ton, Shengshui copper transaction price 38990 yuan / ton ~ 39400 yuan / ton. Shanghai copper opened low and walked high, after an initial probe of 38650 yuan / ton, it rose all the way up to 39300 yuan / ton, quickly recovered the intraday decline, the holder quotation was firm, the market inquiry was active, the morning market quotation rose 130 ~ 150 yuan / ton, Pingshui copper concentrated in the rising water 130 ~ 140 yuan / ton, good copper price above 140 yuan / ton, lower reaches kept the right amount of buying, wet copper followed by rising water 90 ~ 100 yuan / ton Copper futures fluctuate greatly, and the holders keep high prices, but the pace of rising water and pushing again is slow, it is difficult for traders to have room to accept goods and lower prices, and the characteristics of saws on both sides of the supply and demand sides are obvious.

Guangdong Guang Guangliang copper quoted 36700 yuan / ton ~ 37000 yuan / ton, up 100 yuan from yesterday, the price difference between fine waste is-222yuan / ton, the ticket point is 6.5%. Copper prices have fluctuated sharply, and downstream manufacturers have seen an increase in wait-and-see sentiment. In addition, according to SMM, the Malaysian government's action control order was originally scheduled to close on March 31, but was extended to April 14. Local copper scrap disassembly manufacturers said they had not yet been able to start work, and exports remained stopped.

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