August 7, Shanghai copper spot market express

Time：2020-10-10 15:08:15    Hits：968

SMM August 7, 2007: the current month of Shanghai electrolytic copper spot contract price of 50 yuan/ton ~ 100 yuan/ton, the price of flat copper 49240 yuan/ton ~49330 yuan/ton, the price of premium copper 49260 yuan/ton ~49350 yuan/ton. Shanghai copper around the 20 average daily line range shock, early market every other month spread is still around 90 yuan/ton, early market hold goods merchant support price sentiment is still high, quotation premium 80~110 yuan/ton, the market is afraid of high premium water, lack of people ask, transaction is rare. Then the difference between the month shrinks to 70 yuan/ton or so, and the import ratio window open, hold goods to open a deal to sell, cut premium price, copper price premium 60~70 yuan/ton, square has improvement, good copper lower range is the largest, clinch a deal for premium 80 yuan/ton or so, but the deal is still not as good as yesterday. During the second trading period, the quotation of silver honglu warehouse receipt and jintian warehouse receipt in the market reached around 50 yuan/ton of premium water, which greatly affected and weakened the support sentiment of the shippers, leading to the decline of the quotation, and the good copper price was as low as 70 yuan/ton of premium water. Downstream bargain bargain is ok, wet copper price is quite, premium 20~40 yuan/ton. Whether high premium water can continue to need to pay attention to the inflow of imported copper and the performance of the monthly spread.

[credit: Shanghai nonferrous metals]