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April 7 Shanghai copper spot market express: copper rose 1000 yuan supply and demand wait and see rising water rhythm slowed down
Apr 7,2020 11:47CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, April 7: Shanghai electrolytic copper spot contract today rose 130 yuan / ton ~ 160 yuan / ton, Pingshui copper transaction price 40800 yuan / ton ~ 40840 yuan / ton, Shengshui copper transaction price 40810 yuan / ton ~ 40860 yuan / ton. Shanghai copper jump high to break through the 40, 000 yuan / ton line, copper futures rose by more than 1, 000 yuan, the spot market also maintained a strong upward quotation, early market holders quoted 150 ~ 160 yuan / ton, the market acceptance is low, fear of heights is strong, good copper in the rising water 160 yuan / ton short struggle to fall in the rising water 140 yuan / ton, flat water copper adjusted to the rising water 130 yuan / ton, the transaction is better than the good copper transaction; the market acceptance is low, the fear of heights is strong, the good copper falls in the rising water 140 ~ 150 yuan / ton, the flat water copper adjusts to the rising water 130 yuan / ton, the transaction is better than the good copper; Copper futures rose sharply, more wait and see downstream, wet copper to maintain stability in the rising water 80 ~ 100 yuan / ton. Copper futures rebounded sharply to stack high underwater buying hesitation, traders still tend to lower prices to accept goods, but holders generally do not have an obvious willingness to reduce prices and promotion, sellers are more difficult to maintain strong price room, the first day after the festival, supply and demand continue to saw the state.

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