Home / Metal News / Copper / SMM Shanghai copper spot market KuaiBao: at the end of the month, on the last trading day, it is difficult to break the stalemate pattern of buying and promoting weak spot transactions.
SMM Shanghai copper spot market KuaiBao: at the end of the month, on the last trading day, it is difficult to break the stalemate pattern of buying and promoting weak spot transactions.
Jul 31,2020 12:17CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM July 31: today, the spot price of electrolytic copper in Shanghai is quoted as rising 10 to 90 yuan per ton, leveling copper at 51760 yuan / ton to 51920 yuan / ton, and copper at 51820 yuan / ton to 51980 yuan / ton. Shanghai copper continued to fluctuate around 51800 yuan / ton first line. Morning market quotation flat water copper in the rising water 20 yuan 30 yuan / ton, good copper price price in the rising water 90 yuan / ton, market transactions more wait-and-see, the end of the month stalemate characteristics are obvious, low activity, demand decline, in the trading price, flat copper trading in the rising water 10 yuan 20 yuan / ton, good copper can be as low as 70 yuan / ton, wet copper down, as low as 80 yuan / ton discount. At the end of the month, enterprises are involved in settlement and invoicing, and there is a lack of buying interest among traders and downstream, and the transaction may improve after the next month.

Copper
copper price
spot
spot copper
noon news

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