Home / Metal News / Copper / [SMM scrap Copper column] the relative improvement of the supply of scrap copper is beneficial to the low-price procurement of waste enterprises.
[SMM scrap Copper column] the relative improvement of the supply of scrap copper is beneficial to the low-price procurement of waste enterprises.
Jul 30,2020 16:04CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

Daily review of spot trading of scrap copper

SMM July 30th: today, the spot price of electrolytic copper in Shanghai is quoted as rising water 20 to 90 yuan per ton, leveling copper at 51780 yuan / ton to 51880 yuan / ton, and copper at 51840 yuan / ton to 51940 yuan / ton. Shanghai copper concussion runs on the first line of 51800 yuan / ton. the morning market holder continued yesterday's market situation to open at 30-40 yuan / ton, good copper 80 yuan 90 yuan / ton, transaction response is not positive enough, under the difficulty of improvement, flat copper leading down to rising water 20 yuan / ton, during the period can be reduced to 10 yuan / ton, good copper source is relatively small, the holder suspended price adjustment, the quotation is stable, concentrated transaction in the rising water range of 80 yuan 90 yuan / ton, the price can be reduced to around 10 yuan / ton, the good copper source is relatively small, the holder suspends the price adjustment, the quotation is stable, and the transaction is concentrated in the rising water range of 80,000yuan / ton, during which the price can be reduced to around 10 yuan / ton. Downstream to maintain a rigid demand to buy, store depressed price space, wet discount expansion, quotation discount 70 ~ 50 yuan / ton. In the last two days of the month, the weak transaction has become a trend, and the holder takes the initiative to give way to the transaction, with obvious characteristics at the end of the month.

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 2714 yuan / ton, and the month-on-month expansion is 40 yuan. According to SMM, although the overall supply of scrap copper is still tight, copper ingots and the increase in customs clearance of scrap copper just after the issuance of approval documents make the supply relatively sufficient during the epidemic, it is not difficult for waste enterprises to purchase, accept goods at lower prices, and the recent orders for scrap copper rods are not as expected, making it difficult for scrap copper prices to rise.

Import profit and loss of scrap copper

"SMM online Q & A" has come to the market, price, information if you have any questions, feel free to ask!

Scan the QR code and join the SMM metal communication group.

Scrap metal
import and export
quotation
spot

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news