SMM7 14 North China Copper spot Market Express: copper prices rise and fall sharply downstream performance cautious implementation of long orders

SMM July 14: today, the spot price of electrolytic copper in North China is quoted as a discount of 10 to 40 yuan per ton for that month's contract, with a transaction price of 52050 yuan / ton to 52250 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. During the week, the sharp rise and fall of the disk downstream performance is still cautious, the activity is low, the smelter is also appropriate to lower the spot discount quotation to attract buyers, the market discount is 10 to 40 yuan / ton, the average price of discount is 5 yuan / ton lower than yesterday, the downstream is still afraid of high copper prices, most of the pick-up orders are mainly long orders, zero orders are rarely traded, and individual traders have almost no transactions today, and demand slows down again.

(Chen Ming 021 muri 51595816)