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[SMM afternoon Review] the trading atmosphere in the spot market is light after the futures price has rebounded slightly.
Jul 2,2020 11:39CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7, March 2:

On the spot market, today's quotation is 138000 RMB140500 per ton. After the opening of the Shanghai market, the price rebounded quickly after a slight reduction, which was similar to that of yesterday morning, and the spot price was flat. After the price reduction, the rebound is too fast, and it is still in a high position, and there are fewer goods in the lower reaches, which just need to be purchased. Traders are worried that the downstream consumption gap will lead to poor shipments and a backlog of inventory, taking a wait-and-see attitude. The overall trading atmosphere in the spot market is light. Liter discount, the Shanghai tin 2008 contract set Yunxi rose about 2000 yuan / ton, ordinary cloud word rose about 1000 yuan / ton, small brand near Pingshui.

In the afternoon

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