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July 7 SMM Shanghai copper spot market express: spot rising water stable medium rising copper gains force to push high again
Jul 7,2020 12:23CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM July 7: today, the spot price of electrolytic copper in Shanghai is quoted at 30-50 yuan / ton for that month's contract, the flat copper transaction price is 49580 yuan / ton-49640 yuan / ton, and the copper price is 49590 yuan / ton-49650 yuan / ton. Copper in Shanghai continued to rise and returned to a high of 49500 yuan / ton, an increase of more than 500 yuan / ton. After yesterday's rising water rose steadily, today's rising water pushed higher again, attracting traders to enter the market, the inquiry atmosphere was positive, and the holder maintained a strong desire to lift the water. the morning market holder quoted a rising water of 30,000,000 yuan / ton, and the copper supply in Pingshui accounted for relatively less. rising water 30 yuan / ton low price supply is fast, and it is difficult to lower the price, the standing price is raised to around 40 yuan 50 yuan / ton. Good copper quotation rises 50 yuan / ton, the same price as flat copper, but the transaction is still not as good as flat copper, downstream maintenance just need to buy, wet stalemate in the discount 60 ~ discount 40 yuan / ton quotation. Today, the market continues to rise, the supply of imported copper in the market has not seen a large influx, today's mainstream transactions are mostly concentrated in traders, strong willingness to push up prices, spot rising water holding firm to increase the boost of copper futures.

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