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SMM7 March 23 North China Copper spot Market Express: lower copper prices attract downstream to enter the market for bargain replenishment
Jul 23,2020 18:01CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM July 23: today, the spot price of electrolytic copper in North China is quoted for 30 to 100 yuan per ton for that month's contract, with a transaction price of 51680 yuan per ton to 52050 yuan per ton. Under the influence of the tense situation in Sino-US relations, all the non-ferrous basic metals turned green, the copper fell sharply overnight, and the copper in Shanghai fell back to below 52000 yuan / ton to as low as 51700 yuan / ton. The price of copper fell, and the price of the smelter remained firm at more than 100 yuan / ton, and the quotation of the Trader Daily also increased slightly, ranging from 30 yuan / ton to 80 yuan / ton, and the average discount price was 5 yuan / ton higher than yesterday. Downstream bargain into the market, the buying mood is slightly better than yesterday.

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