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SMM5 March 11 North China Copper spot Market Express
May 11,2020 15:16CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM May 11: North China electrolytic copper spot for the current month contract rose 150 yuan / ton ~ 210 yuan / ton, transaction price 43950 yuan / ton ~ 44210 yuan / ton. Shanghai copper continued to rebound to break through the 44000 yuan / integer mark. Due to the continued rebound in the market and the expansion of the monthly price spread caused by the rapid closing of positions in the month to more than 200 yuan / ton, the willingness of smelters and traders to exchange cash has been greatly increased, and it is difficult for the rising water to maintain a strong and rapid decline. The market quotes 200 ~ 250 yuan / ton, the pressure price is 150 ~ 200 yuan / ton, the average price of discount water is 40 yuan / ton less than last Friday. It is reported that after the rise in copper prices, terminal orders are poor, 8 copper rod processing fees have also dropped, the current low price of about 750 yuan / ton.

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