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SMM7 28 North China Copper spot Market KuaiBao: buying sentiment turns bad again, it's hard to get a deal.
Jul 28,2020 17:43CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM July 28th: today, the spot of electrolytic copper in North China quoted a price of 30 to 100 yuan / ton for the contract of that month, with a transaction price of 51580 yuan / ton to 52080 yuan / ton. Copper in Shanghai opened high and went low, with 52000 yuan / ton under pressure falling below 51700 yuan / ton. Copper prices rose slightly to curb downstream buying sentiment, although the smelter quoted a rise of more than 100 yuan / ton, but it is difficult to close a deal, traders take the initiative to give way to delivery, slightly as low as 30 yuan / ton, the average price of rising discount is 5 yuan / ton lower than yesterday, downstream demand is getting worse.

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