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SMM Shanghai Copper spot Market Express on July 6th: copper futures open low, buy high, improve rising water and maintain stability.
Jul 6,2020 12:02CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM July 6: today, the spot price of electrolytic copper in Shanghai is quoted as rising 10 to 40 yuan per ton, leveling copper at 49010 yuan / ton to 49210 yuan / ton, and copper at 49020 yuan / ton to 49220 yuan / ton. Shanghai copper opened low and went high, followed by A shares based on 49000 yuan / ton in a straight line to 49200 yuan / ton at about 10 o'clock. The morning market holder's quotation is still in the first line of Shengshui 20 yuan / ton, the low price source market response is positive, the inquiry is active, and the flat copper buyer is happy to focus on the rising water 20 yuan / ton, so the quotation is raised to 30 yuan / ton, the price of good copper is 30 yuan / ton, and the popularity is slightly lower than that of flat copper. The downstream just needs to buy, and the supply of wet copper is still loose, and the quotation is reduced from 5040 yuan / ton to 70-60 yuan. Today, it is difficult to have room for price reduction, it is difficult to receive low-price supplies, the market inquiry atmosphere is active, and the market buying interest has significantly improved. As a result, the holders have confidence in Shengshui and are more persistent in their performance, and form a certain degree of support for the further promotion of the market.

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