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[SMM scrap Copper column] scrap copper merchants hold a concussive view on the future market and ship goods normally.
Jul 28,2020 19:47CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

Daily review of spot trading of scrap copper

Today, the spot price of electrolytic copper in Shanghai quoted a price of 30 yuan / ton to 100 yuan / ton for that month's contract, 51900 yuan / ton to 52040 yuan / ton for Pingshui copper, and 51950 yuan / ton to 52080 yuan / ton for Shengshui copper. Copper in Shanghai opened high and went low, with 52000 yuan / ton under pressure falling below 51700 yuan / ton. The market stops and wait and see, the holder continues to quote yesterday, and the price trend remains the same. the price of good copper in the morning market is 80 yuan / ton, and the monthly ticket price of flat copper is around 50 yuan / ton. the monthly ticket price of flat copper is 30-40 yuan / ton, and the transaction is still stuck in a stalemate. Traders prefer to raise water by 30 yuan / ton, and the transaction is slightly improved, and the supply of good copper is still tight, maintaining in the range of 80 yuan / ton, the price of rising water is still in the range of 100 yuan / ton, the price of good copper is still tight, and the supply of good copper is still tight, which is maintained in the range of 100 yuan / ton of rising water. Wet copper to maintain yesterday's discount of 60 to 20 yuan / ton, the transaction is general, there are great differences between brands, coupled with bill factors lead to serious differentiation of wet copper price difference. Today's demand for monthly tickets has obviously lost momentum, the market has been mostly quoted for next month's tickets, the market price reduction is limited, traders are cautious in receiving goods, and the transaction shows a stalemate.

The price of bright copper in Guangdong is 45900 yuan / ton ~ 46200 yuan / ton, the same as the previous trading day, the price difference of fine waste is 2844 yuan / ton, and the month-on-month expansion is 270yuan (ticket point is calculated as 6.3RMB). Today, copper prices stabilized, scrap copper merchants hold more concussive views on the future trend, normal shipments, the market circulation of scrap copper is more sufficient, downstream procurement is not difficult.

Import profit and loss of scrap copper

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