echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > August 14 copper market noon review

    August 14 copper market noon review

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Copper Market Summary: The Sino-US trade situation shows signs of easing, and London copper closed up $103 overnight, the market is rekindled with confidence in the demand outlook, and the protests at the Peruvian copper mine have not yet ended, and copper is expected to rise
    today.

    Copper City

    Today's Shanghai electrolytic copper spot contract reported a premium of 30 ~ 60 yuan / ton, the trading price of flat water copper was 46600 yuan / ton ~ 46670 yuan / ton, and the trading price of premium copper was 46610 yuan / ton ~ 46680 yuan / ton
    .

    China and the United States once again negotiated to release a favorable release, market confidence was boosted, overnight Shanghai copper prices rebounded to 46700 yuan / ton line, today Shanghai copper back to 46600 yuan / ton around the shock
    .
    The holder quoted a premium of 30 ~ 60 yuan / ton in the morning, and the price difference widened to around 90 yuan / ton in the next month, the performance of the premium was relatively stable, flat water copper struggled around the premium of 30 ~ 40 yuan / ton, the holder was unwilling to lower the quotation, but the transaction of good copper was difficult, only maintained at the first line of 50 ~ 60 yuan / ton; Wet copper continued yesterday's quotation premium of about
    10 yuan / ton.
    Spot quotation performance is stable, good copper trading is limited, flat water copper price is strong, the price difference narrows significantly, the price difference between varieties is only 10~20 yuan / ton range, tomorrow delivery, market quotation will guide the market according to the
    change of delivery factors and basis.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.