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July 21 SMM Shanghai Copper spot Market Express: Shengshui is high, and the price difference between good copper scarcity and Pingshui copper price is widening.
Jul 21,2020 12:05CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM July 21: today, the spot price of electrolytic copper in Shanghai is quoted for that month's contract: 60 to 130 yuan / ton, leveling copper transaction price 51830 yuan / ton ~ 51990 yuan / ton, water copper transaction price 51870 yuan / ton ~ 52050 yuan / ton. The low level of copper in Shanghai rebounded around the daily average, which was blocked at 51950 yuan / tonne, and the morning market holder quoted a high price. Shunyan quoted a price as high as 70 yuan per ton for copper in flat water yesterday, and the price of good copper rose to more than 120 yuan per ton. The quotation of Pingshui copper is stable, but there are few waves in the quotation. The performance of the good copper market is still very different, ENM remains at about 80 yuan / ton, CCC-P maintains the range of 120 yuan / ton, the supply is scarce, Jinchuan board is basically rarely seen due to overhaul, the Guixi market is reported high to around 140 yuan / ton, wet copper follows the market upward quotation and remains stable at 30 yuan / ton. The market maintains a firm quotation, as the difference between the price of good copper and that of Pingshui copper becomes more obvious because of the shortage of good copper. the holder is still very high before delivery, but there will be an impact as the supply of delivery is about to flow out.

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