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May 25th SMM Shanghai Copper spot Market Express: the outer disk is closed and the inner plate is stable and traders lead the rising water to hold firm.
May 25,2020 11:43CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM May 25th: today, the spot price of electrolytic copper in Shanghai is quoted at 180 to 200 yuan / ton for that month's contract, the flat copper transaction price is 43750 yuan / ton to 43820 yuan / ton, and the copper trading price is 43760 yuan / ton to 43830 yuan / ton. The outer disk is closed today, and the copper in Shanghai is fluctuated along the first line of 43600 yuan / ton. Shanghai recent inventory shows falling again, the holder's will is strong, the market price rises 180 yuan / ton, the early market traders lead the market transaction, high activity, Pingshui copper 180 yuan / ton deal is OK, after hovering in the rising water 190 yuan / ton, good copper offer stalemate, concentrated quotation in the rising water 190 yuan / ton, wet copper basically around 150 yuan / ton, downstream bargain procurement. Today's market good copper, flat water copper narrow fluctuations in the rising water 1800000yuan / ton range shows stalemate, part of the downstream bargain replenishment enthusiasm is OK, LME market every British spring bank holiday, Shanghai copper operation is stable, the holder quotes firm, but the market rising water more than 200 yuan / ton did not follow, rising water and then pull is limited, today's transaction is mostly the final delivery of long single, the market shows the characteristics of supply and demand sawing.

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