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April 20 SMM Shanghai copper spot market express: copper futures rebound spot prices depressed transaction prices rose slightly
Apr 20,2020 12:05CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, April 20: Shanghai electrolytic copper spot contract today rose 130 yuan / ton ~ 160 yuan / ton, Pingshui copper transaction price 42520 yuan / ton ~ 42770 yuan / ton, Shengshui copper transaction price 42530 yuan / ton ~ 42780 yuan / ton. Shanghai copper low open high to 42600 yuan / ton above. The morning market spot quotation continues last Friday's quotation, the good copper quotation rises 150 ~ rises 170 yuan / ton, the copper futures soars causes the market rarely to conclude the transaction, the market receives the goods to be depressed, the holder helplessly reduces the quotation, adjusts to rises 140 ~ rises 150 yuan / ton. After 10:30, Pingshui copper can be pressed to water 130-135 yuan / ton, some brands of good copper quoted water 140 yuan / ton, wet copper down with the market, quotation from early rising water 120 ~ down to 100 yuan / ton. Copper futures rose sharply on Monday, the market transaction atmosphere was cautious, and the willingness to accept goods in trade and downstream was weak. On Monday, the market was still cautious, with holders reluctant to take the initiative to lower the price level of rising water, while downstream copper prices were afraid of being higher than the continuous rebound. Only traders continue to be the main trading body, and supply and demand continue to be sawed.

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