echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > July 27 copper market afternoon review

    July 27 copper market afternoon review

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    The recent trend of non-ferrous metals can be described in four words, that is, "cautious downward", of which copper in the past two months of futures intraday highest and lowest price difference of 7060 yuan / ton, although individual metals such as zinc prices have a single sharp rebound, but it is difficult to hide the recent downturn in non-ferrous metals
    .
    The overall trend of non-ferrous metals is not good, but there are also clear divergences, and the copper market is falling significantly faster than others
    .

    Copper City

    London copper rallied in early trading to pull up $50 and break through $6300, bulls may be able to take advantage of the chase
    .
    It is expected to continue to rise after stepping back to $6300 after the day
    .
    The Shanghai copper index broke through the 5,000 yuan mark, and there was a pressure level around 5,400 yuan above, and the focus was on whether it could break through 5,400 yuan
    within the day.

    In terms of the market, today's Shanghai electrolytic copper spot contract discount of 90 yuan / ton - discount 50 yuan / ton, flat water copper trading price of 49840 yuan / ton - 49980 yuan / ton, premium copper trading price 49860 yuan / ton - 50000 yuan / ton
    .
    Shanghai copper around 50,000 yuan / ton oscillation, early traders inquiry active, holders quotation discount 90 ~ 50 yuan / ton, good copper can be pressed to discount 70 yuan / ton, flat water copper pressure space is insufficient, a small amount of can receive discount 100 yuan / ton, the transaction atmosphere is slightly better than yesterday
    .
    In the second trading session, the source of low-priced good copper has been difficult to find, good copper maintenance stability discount 50 yuan / ton, flat water copper discount narrowed to 80 ~ 70 yuan / ton, but the transaction heat is not as good as the morning market, downstream to maintain just demand, wet copper maintenance discount around
    150 yuan / ton.
    The concentrated arrival of imports has been digested, the financial pressure of holders has eased, today's market dumping situation has improved compared with the previous two days, the transaction is mainly based on traders' receipts, and the degree of spot discount re-expansion next week may be limited
    .

    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.