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SMM5 March 21 North China Copper spot Market Express: copper futures rebounded strongly, rising water quotation stalemate
May 21,2020 15:10CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM May 21: today, the spot price of electrolytic copper in North China is quoted for a monthly contract of 170yuan / ton ~ 230yuan / ton, with a transaction price of 44510 yuan / ton ~ 44700 yuan / ton. The two domestic sessions are just around the corner, and the market is expected to boost policies such as economic stimulus and new infrastructure. After the strong rebound of copper in Shanghai broke through 44000 yuan / ton, the target was 44500 yuan / ton, an increase of more than 500 yuan / ton. Smelter Ting Shengshui for many days more than 200 quotes, the disk is high, downstream buying is poor, there is room for bargain trading, but buying is still more cautious, the average discount price is the same as yesterday, every high copper price and high water buying is weak.

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