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[SMM scrap Copper column] Copper prices continue to improve the flow of scrap
Jul 8,2020 17:53CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

Daily review of spot trading of scrap copper

Today, the spot price of electrolytic copper in Shanghai is quoted at 40-60 yuan / ton for that month's contract, the transaction price of Pingshui copper is 49800 yuan / ton ~ 49890 yuan / ton, and the transaction price of copper is 49810 yuan / ton ~ 49900 yuan / ton. The center of gravity of copper in Shanghai was slowly pushed up to 49850 yuan / ton, the spot market holders offered firm, the morning market quoted 50 million 60 yuan / ton, the buyer slightly hesitated to wait and see, transaction stalemate, after 10:00, after a low price, flat copper can be traded at 40 yuan / ton, but the offer is still strong, good copper held steady at 50 yuan 60 yuan / ton, wet copper has few changes, maintain stability at 50 yuan / ton discount. The market continued to push up steadily, the spot market also tried to push up the water at the same time, the holders rarely relaxed and took the initiative to reduce prices, and trade inquiries were active, which were the main contributors to today's transactions. Although the supply and demand sides temporarily pull the saw, the actual transaction is slightly glued, but it is also difficult to change the current trend of rising water stability.

The price of bright copper in Guangdong is 44700 yuan / ton ~ 45000 yuan / ton, which is 200 yuan higher than that of the previous trading day. The price difference of fine waste copper is 2137 yuan / ton, and the month-on-month expansion is 22 yuan. Today, copper prices are good, some scrap copper will be bullish, the willingness to deliver is not high, but the overall high copper price is still good for scrap supply. In addition, the remaining batch volume in June is sufficient to superimpose a large number of batch distribution in July, and the specific scrap copper import volume should be gradually reflected.

Import profit and loss of scrap copper

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Scrap metal
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