June 12 Shanghai copper spot market KuaiBao

SMM June 12-Today, Shanghai electrolytic copper spot on the current month's contract for 50 to 100 yuan / ton of water, flat water copper transaction price of 46550 yuan / ton ~ 46660 yuan / ton, water copper transaction price of 46600 yuan / ton ~ 46710 yuan / ton, the transaction price of flat water copper is 46550 yuan / ton ~ 46660 yuan / ton, and the transaction price of copper is 46600 yuan / ton ~ 46710 yuan / ton. Shanghai copper rush blocked, down to 46500 yuan / ton line. The market supply is abundant, the holder shipment cash willingness is strong, the morning quotation rises the water 70 to 110 yuan / ton, almost does not have the transaction. The market is unresponsive, the inquiry atmosphere is also light, the holder is the first to relax the flat water copper quotation, from the rising water 60 yuan / ton to the rising water 50 yuan / ton and still has the pressure price space, the good copper is reduced to the rising water 90 yuan / ton or so the quotation; the wet process copper and yesterday maintains the stability to maintain the stability in the discount 20 yuan / ton ~ flat water. The supply is abundant, the consumption is weak, the speculation is cautious, the trade flow is greatly reduced, the price difference near delivery is still only in the range of 20-30 yuan / ton, the rising water decline is the trend, the market supply exceeds the demand characteristic is obvious.

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