Home / Metal News / Copper / [summary of the important news of the copper market] the negative result of copper in Shanghai period is strong in the spot market.
[summary of the important news of the copper market] the negative result of copper in Shanghai period is strong in the spot market.
Sep 16,2020 17:17CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

Today's cash market

Today, Shanghai Copper opened at 51690 yuan / ton. After the opening, the center of gravity gradually moved up after a brief adjustment at the position of 51745 yuan / ton, climbing a daily high of 51940 yuan / ton, and the rear plate moved slightly down around 51860 yuan / ton to close at 51850 yuan / ton at noon. Spot, overall affected by the improvement of buying, today's market price sentiment is stronger, the market price center of gravity is also slightly higher.

Today, Shanghai copper overcast, KDJ opening convergence, did not break the concussion pattern. In the evening, we will pay attention to the Fed's interest rate decision to see if the bulls can make efforts to support Shanghai Copper to return to the 52000 mark.

"Sept 16 SMM Shanghai copper spot market KuaiBao: buy to improve Shengshui to hold firm

SMM North China Copper spot Market KuaiBao: after the change of month, the market turnover has rebounded slightly, and the commissioning of the new Jiang Copper North China line is conducive to increasing consumption.

"Sept 16 SMM Guangdong copper spot market KuaiBao: negotiable supply reduces shipments at a positive price, but rising water still rises and falls within days.

"SMM foreign mountain copper spot market KuaiBao: the copper foreign trade market turnover is light, the market wait-and-see mood is strong.

LME copper inventory increases by 350t today New Orleans warehouse has the biggest increase.

Important news of copper city

[Freeport CFO: does not want to be distracted by the offer] Kathleen Quirk, chief financial officer of Freeport-McMoRan, said on Tuesday that the company did not want to be distracted by any offer and would now focus on expanding its Grasberg copper and gold project in Indonesia and increasing cash flow. "View details

[Sandfire Resources has been approved to start the first phase of the Montana copper project] Sandfire Resources America has been approved to carry out the first phase of its Montana copper mine, and last month it is reported that the company received a mining license issued by the country's environmental quality department. "View details

[Antofagasta Chile Los Pelambres Copper Mine plans to use seawater] according to the investment proposal submitted by Antofagasta (Antofagasta) for its Chilean Los Pelambres copper mine, the mine may stop using water from the Choapa River and nearby wells and instead mainly use seawater from 2025. "View details

"Click to sign up: 2020 Fifth China Electrotechnical Materials supply and demand Trade Summit

Scan the code to participate in the meeting or apply to join the SMM Electrical Industry Exchange Group

Comments
copper futures
spot
Yangshan copper

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