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[SMM scrap copper column] yesterday, a large number of best-selling manufacturers of scrap copper rods at low prices actively replenished the inventory of raw materials at high prices.
Jul 14,2020 16:55CST
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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 30 yuan / ton for the current month's contract, the transaction price of copper is 52050 yuan / ton ~ 52150 yuan / ton, and the transaction price of copper is 52070 yuan / ton ~ 52170 yuan / ton. Some bullish positions left the market, and the high level of copper in Shanghai fell back to 52000 yuan / ton, a decline of about 800yuan / ton. Approaching delivery month, speculators favor low-price sources of goods. The morning market quotes flat water to rise water 20 yuan / ton, the market stops to wait and see, buying is less, after 10:30, the price difference changes sharply every other month, and the price difference returns, which is higher than 10: 20 yuan / ton in recent months. The low-price supply is favored by the market to buy actively, after the flat water copper quotation rises 10 yuan / ton, the good copper quotation rises 20ml 30 yuan / ton; Wet copper is abundant, consumption has not improved significantly, the price of the holder is enthusiastic, and the price is lower than yesterday, from 60 RMB 70 yuan / ton to 90 yuan / ton. In the face of drastic changes in price spreads, traders are cautious in trading, mainly buying bargains. During the week, the performance downstream of sharp rises and falls is still cautious and the activity is low. Tomorrow, we will pay attention to the guidelines for spot quotations due to the changes in the price difference between two months. Today, some consignors have quoted prices in August, and the basic performance remains stable from flat water to rising water 30 yuan / ton.

The price of bright copper in Guangdong is 46500 yuan / ton ~ 46800 yuan / ton, which is 500 yuan / ton lower than that of the previous trading day, and the price difference of fine waste is 2323 yuan / ton, which is 357 yuan lower than that of the previous trading day. Near the delivery market speculation came to an end, copper prices fell, some scrap copper merchants saw this profit-taking delivery, and traders saw that the willingness to receive goods was not high, but due to the expansion of disk deductions for scrap copper rods yesterday, a large number of transactions at low prices, today's scrap copper rod factory shipments have declined, and actively replenish raw material inventory, the bid is higher.

Import profit and loss of scrap copper

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