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May 8 SMM Shanghai copper spot market express: Lun copper Hugh Shanghai copper strong exchange to increase the caution of buyers
May 8,2020 11:58CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, May 8: Shanghai electrolytic copper spot contract for the month today quoted water 100 yuan / ton ~ water 140 yuan / ton, Pingshui copper transaction price 43550 yuan / ton ~ 43610 yuan / ton, Shengshui copper transaction price 43570 yuan / ton ~ 43630 yuan / ton. Copper in Shanghai continued to rebound strongly today. After rushing 43000 yuan / ton yesterday, it continued to rise to more than 43500 yuan / ton, up nearly 1.5%. Although the morning market began to quote with 120 ~ 140 yuan / ton of rising water, there was a tide of price reduction soon. Pingshui copper was the first to rise to about 110 yuan / ton, and the surface of good copper topped the rising water of 130 yuan / ton. However, few people in the market are interested in it, and there are few transactions. Enter the second trading stage, Pingshui copper rose 100 yuan / ton, good copper price adjustment water 120 yuan / ton, but the actual transaction in the cautious wait and see can still depress the price, especially to the end of the afternoon, it can be heard quoted water 90 billion 110 yuan / ton, lower buying volume today, wet method as low as 60 yuan / ton. LME closed due to bank holidays, Shanghai copper homeopathic rise, the actual market transactions are more wait-and-see, the seller took the initiative to cash out the source of goods, and strive to close the deal, the buyer still stops, and the transaction shows the weekend characteristics of oversupply.

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