Today, Shanghai Wurui Metal Group Co., Ltd. has officially become the standard unit of SMM Shanghai Copper Electrolytic Copper. The following is the introduction of the standard unit:
Brief introduction of Wurui Group
(Shanghai Wooray Metals Group Co., Ltd.) (Shanghai Wurui Metals Group Co., Ltd. (hereinafter referred to as "the company"), headquartered in Shanghai Nonferrous Metals Trading Center, specializes in commodity trade and spot trading, occupies a leading position in the domestic commodity industry, and has won the title of "quality Trader" in China's non-ferrous metals industry for many years in a row.
The company's business is based on the domestic and international trade of commodities, with a business network throughout the country, with extremely advantageous upstream supply channels and huge end-customer resources, and a leading market share in many varieties. It is one of the largest non-ferrous metals traders in East China. The company always abides by the spirit of contract, adheres to the concept of honest management, has a good reputation in the commodity trading circle, and has established a strategic partnership with many leading enterprises in the industry. The company makes comprehensive use of all kinds of derivative financial instruments, fully and effectively combines trade with futures trading, pursues steady and sustainable profitability under low-risk trading strategy, and provides customers with diversified risk management services and supply chain services. it has made a widely recognized contribution to the opening of the international and domestic trade chain in the metal field.
Explanation on the Price and Standard acquisition process of Electrolytic Copper in Shanghai
The spot price of SMM Shanghai Copper Electrolytic Copper is an indicative price formed and published by SMM in accordance with this methodology and can be used by both parties as a reference for the settlement of Shanghai Copper Electrolytic Copper spot Trade. The price reflects the indicative range of spot prices that are most likely to be traded in the warehouse at the time of the release of the spot price of SMM Shanghai Electrolytic Copper on each full working day. The price is mainly based on the price situation of spot transactions in Shanghai on the same day, deducting transportation-related fees, taxes, capital occupation costs and other related trade expenses.
Specification for electrolytic copper
Standard cathode electrolytic copper, conforming to GB/T467-2010, copper + silver content ≥ 99.95% (commonly known as No. 1 copper) LME registered brand, BS6017-1981, AMD5725 (CU-CATH-1)
Li electrolytic copper brand
The main circulation brands of copper electrolysis spot, see 2.5.2 below for details.
The transaction price / quotation, etc.
The discount for the current month's contract, in yuan / ton.
Quantity
Based on the smallest unit of 500 tons.
SMM collects the data information used to evaluate the spot price of electrolytic copper in Shanghai by collecting the standard (that is, collecting the original data information in accordance with the SMM data standard policy), including the quotations of the buyers and sellers that have not been concluded on the same day provided by the bid unit (that is, the data provider), the actual transaction price of the transaction provided by the bid unit, and so on. The quantity of each transaction, such as quotations or transactions of electrolytic copper in Shanghai, which can be included in the standard, is not less than 500 tons.
The price of SMM is designed to reflect the real transaction level of a commodity throughout the day, so when the transaction, delivery and offer based on the same specifications and the same shipping time are announced in the market at the same time, the transaction information is more important than the offer delivery information. We will also consider other factors in the evaluation process, but the actual transaction, offer and offer are always in the first place.
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