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July 3 SMM Shanghai Copper spot Market Express: the market has fallen sharply, rising water has maintained a steady bargain, and the buying price has improved.
Jul 3,2020 12:36CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM July 3: today, the spot contract for electrolytic copper in Shanghai is quoted at 30 yuan / ton for the current month, the transaction price of copper for flat water is 49050 yuan / ton ~ 49390 yuan / ton, and the transaction price of copper for riser is 49060 yuan / ton ~ 49400 yuan / ton. The high level of copper in Shanghai in early trading was blocked at 49400 yuan / ton first-line consolidation. The morning spot market continued yesterday's low quotation level ~ litre 20 yuan / ton. after the low-price supply was quickly taken away, it increased the holder's confidence in holding the price, and the holder's quotation was raised to 10 ~ 30 yuan / ton, but the transaction response was not positive enough, and the quotation was deadlocked. Pingshui copper water rose 10 yuan / ton, good copper water 20 yuan / ton, it is difficult to lower the price, and it is difficult to raise again. Today, good copper and water copper are concentrated in the range of 20 yuan / ton from Pingshui to litre water, and the downstream just needs to buy, the supply of wet copper is increased, and there is a big difference between brands, and the quotation is slightly lowered to 50 yuan / ton to 30 yuan / ton. some poor brands of wet copper stickers can be as large as 70 yuan / ton or more. After the second trading session, the market plummeted by about 300 yuan / ton, the market inquiry atmosphere was active, there was a willingness to buy at a low price, and the performance of the holder was more persistent, trying to hold up the rising water level. therefore, the outflow of goods in circulation in the market today is less than that of yesterday, which makes it difficult to lower the price today, and the performance of rising water is stable for the time being.

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