Home / Metal News / Copper / SMM7 March 3 North China Copper spot Market Express: copper prices are high during the week, the price of copper is weak, it is difficult for the water to rise, and it is difficult to be weak.
SMM7 March 3 North China Copper spot Market Express: copper prices are high during the week, the price of copper is weak, it is difficult for the water to rise, and it is difficult to be weak.
Jul 3,2020 18:09CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM July 3: today, the spot price of electrolytic copper in North China is quoted at a price of 20 yuan / ton ~ 70 yuan / ton for that month's contract, with a transaction price of 49070 yuan / ton ~ 49470 yuan / ton. The beginning of this week coincides with the last two days of the end of June, the market capital and settlement are coming to an end, and there is still a demand for bills in the middle and lower reaches of that month. Smelters and traders holding bills for that month have raised their quotations for rising water, with a maximum price of 150 yuan per ton. The strong performance of bulls pushed copper prices higher during the week, with copper rising to 49500 yuan / ton in Shanghai, restraining downstream buying. Because of the deviation in copper prices, although the market processing fee was quoted at 600yuan / ton, the market processing fee could be negotiated with a price as low as 550yuan / ton. consumption continued to weaken in July compared with May and June, and traders were forced to take the initiative to lower their quotations due to the failure of trading in Shengshui. As of Friday, spot water can be as low as 20 yuan / ton.

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