Home / Metal News / Copper / July 27th SMM Shanghai copper spot market KuaiBao: after the end of the monthly long order, the market activity is low, the spot price is high, the water is high, and the spot price is low.
July 27th SMM Shanghai copper spot market KuaiBao: after the end of the monthly long order, the market activity is low, the spot price is high, the water is high, and the spot price is low.
Jul 27,2020 12:01CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM July 27th: today, the spot price of electrolytic copper in Shanghai is quoted for that month's contract: 30 yuan / ton to 100 yuan / ton, flat copper transaction price of 51620 yuan / ton to 51780 yuan / ton, and copper transaction price of 51660 yuan / ton to 51820 yuan / ton. The pressure of copper in Shanghai is 52000 yuan / ton along the first line of 51700 yuan / ton. today, the market focus is around the bills of the current month and next month. The holders of monthly tickets are slow in their willingness to raise prices. They hold the opening price of the monthly tickets and quote a price of 600.70 yuan / ton for copper in flat water, and about 100yuan / ton for good copper. It is difficult to make a deal, the market demand for bills weakens, the price quoted by the holders is lowered, and the good copper is concentrated around 80,000yuan / ton. Leveling copper is mostly around 40 yuan / ton-60 yuan / ton. However, there is a big difference in invoice performance next month, and most of the holders have transferred to next month's ticket quotations, which are concentrated on Pingshui copper 30 yuan 40 yuan / ton, good copper water 60 yuan 70 yuan / ton, and wet copper quotation around 50 yuan / ton. This month's long order has come to an end, when the monthly ticket gradually withdrew from the mainstream stage, most of today's transactions revolve around the demand for next month's ticket, and the transaction activity of next month's invoice occupies the mainstream. Today, the lower reaches of the market to maintain rigid demand, still give priority to wait-and-see, market trading is dominated by trade speculators.

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