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May 26th SMM Shanghai Copper spot Quick report: tight prices are rising and there is still no end to the increase on the water.
May 26,2020 12:38CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM May 26th: today, the spot price of electrolytic copper in Shanghai is quoted at 180 to 220 yuan / ton for that month's contract, 43980 yuan / ton to 44070 yuan / ton for flat copper, and 43990 yuan / ton to 44080 yuan / ton for copper at Shengshui. Shanghai copper futures rose to 43800 yuan / ton above shock finishing. Morning market next month ticket rise water 180 ~ rise water 200, when the month ticket quotes rise water 200 ~ rise water 210 yuan / ton, the low price goods source is favored by the market high, the transaction is OK, then rises the water to lift, that month ticket flat water copper is as high as 210 yuan / ton, good copper is as high as 220 yuan / ton, but the transaction is not as good as the morning market, wet copper quotes 150 to 180 yuan per ton per day, downstream to enter the market to supplement items, mostly when the monthly ticket. Today, the market transaction still revolves around the demand for bills of the current month, and most of the holders have carried out next month ticket transactions, and the difference between the ticket price of that month and that month is about 20 yuan / ton, the inventory has maintained a downward trend, and the holder is still not satisfied with raising the water at the same time. However, with the market rising at the same time, the acceptance of traders still needs to undergo repeated seesaw tests between delivery and investment, and both supply and demand are competing for the right to speak in the transaction at the end of the recent month.

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