Home / Metal News / Copper / SMM7 March 2 North China Copper spot Market Express: high copper prices have difficulties in trading and traders are forced to cut down and rise water.
SMM7 March 2 North China Copper spot Market Express: high copper prices have difficulties in trading and traders are forced to cut down and rise water.
Jul 2,2020 17:19CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM July 2: today, the spot price of electrolytic copper in North China is quoted as 40 yuan / ton to 80 yuan / ton for that month's contract, with a transaction price of 49450 yuan / ton to 49580 yuan / ton. Shanghai copper high shock finishing at 49500 yuan / ton, downstream performance of fear of high stop and wait-and-see state is obvious, the north in the rising water deal failed, traders were forced to take the initiative to lower the price, the lowest price can be up to 40 yuan / ton, the average price of rising discount is 55 yuan / ton lower than yesterday; Due to the sales deviation of copper prices, although the market processing fee is quoted at 600 yuan / ton, it can be purchased with a price as low as 550 yuan / ton, and consumption continues to weaken in July compared with May and June.

Copper
copper price
spot
spot copper

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news