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April 24 SMM Shanghai copper spot market report: disk rebound rising water to maintain a stable transaction suppressed supply and demand saw
Apr 24,2020 12:01CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, April 24: Shanghai electrolytic copper spot contract today rose 160 yuan / ton ~ 180 yuan / ton, Pingshui copper transaction price 42060 yuan / ton ~ 42150 yuan / ton, Shengshui copper transaction price 42070 yuan / ton ~ 42160 yuan / ton. Shanghai copper futures slightly rebounded under pressure of 42000 yuan / ton first line. Disk rose, the market continued yesterday's offer, the morning flat copper is unwilling to lower the shipment, quoted in the rising water 170 ~ 190 yuan / ton, but the market holder shipment concentration, and the emergence of the next month ticket quotation, dragged down the firmness of the monthly ticket, good copper quotation concentrated in the rising water 170 ~ 180 yuan / ton, Pingshui copper rose 160 yuan / ton, the low price source is still favored by traders. Downstream to maintain demand, downstream consumption fell at the beginning of the week when the performance stopped, wet copper slightly down to 120 yuan / ton quotation. The market is willing to lower prices, but holders are still pushing prices, the performance of the plate pulled up, recovered some of the decline at the beginning of the week, high restrained part of the downstream buying sentiment, but traders still feel depressed prices, supply and demand is still deadlocked in the jigsaw. After the end of the long order, the low-priced goods of next month's tickets will be more and more favored, and the rising water will still push up the rhythm gradually.

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