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April 22 SMM Shanghai copper spot market express: copper futures fell another thousand yuan to improve the upstream
Apr 22,2020 11:57CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, April 22: Shanghai electrolytic copper spot contract today rose 170 yuan / ton ~ 190 yuan / ton, Pingshui copper transaction price 40970 yuan / ton ~ 41090 yuan / ton, Shengshui copper transaction price 40980 yuan / ton ~ 41100 yuan / ton. Increased concerns in the crude oil market, dragging down commodities, Shanghai copper fell below the EMA support, down more than 1,000 yuan, down 2.45%, fell to around 40800 yuan / ton, under the sharp drop in the market, the holder raised his offer to 170 ~ 190 yuan / ton, Pingshui copper maintained stability in 170 ~ 180 yuan / ton, good copper remained at 180 ~ 190 yuan / ton, and the source of low-priced goods still attracted some traders to buy. But today, there is little room to lower prices; Wet copper quotation at the same time up, the holder of high prices in the water 140 yuan / ton or so. Copper futures for two days continuous negative, downstream enterprises bargain replenishment, buying transactions improved; although traders have the willingness to receive goods, but the price is difficult to achieve the desired, the holder is more willing to raise water, the target rising water 200 yuan / ton, but the current stalemate state is difficult to support rising water smoothly again.

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