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SMM7 May 29th North China Copper spot Market KuaiBao: at the end of the month, the deviation smelter offered the price voluntarily.
Jul 29,2020 14:49CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM July 29th: today, the spot of electrolytic copper in North China quoted a price of 30 to 80 yuan / ton for that month's contract, with a transaction price of 51580 yuan / ton to 52080 yuan / ton. Shanghai copper continued to withstand 52000 yuan / ton of pressure for many days under the shock, around 51700 yuan / ton to continue the consolidation state. At the end of the month, the transaction is light, most enterprises take long orders to take goods, bulk orders are rarely traded, the smelter offers the price voluntarily, the upper limit is quoted at 80 yuan / ton, the trader maintains the quotation at 30 yuan / ton, and the average price of rising discount is 10 yuan / ton lower than that of yesterday, with obvious characteristics at the end of the month.

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