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April 7 scrap copper spot trading daily review: copper prices soared market confidence increased, receiving demand is strong
Apr 7,2020 17:32CST
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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.

Guangdong Guang Guangliang copper quoted 37900 yuan / ton ~ 38200 yuan / ton, up 800 yuan from last Friday, fine waste price difference is 135 yuan / ton, the ticket point is 6.5% calculation. Today, copper prices soared market confidence rebounded, well-funded traders want to receive goods, but the supply of copper few circulation, and Ching Ming Festival holiday part of the recycling bin, the holder has not yet started, the overall demand is exuberant, but businesses are bullish and continue to cherish the sale, trading activity is therefore limited.

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