echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > June 17 Copper Market Afternoon Review

    June 17 Copper Market Afternoon 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: U.
    S.
    retail sales data optimistic boosted the U.
    S.
    index climbed, the next week London copper closed down $56 under pressure, China's May fixed investment and industrial growth rate was less than expected, consumption performance is relatively weak, copper is expected to fall
    today.

    Today's Shanghai electrolytic copper spot contract reported a premium of 60 ~ 150 yuan / ton, the trading price of flat water copper was 46080 yuan / ton ~ 46160 yuan / ton, and the trading price of premium copper was 46140 yuan / ton ~ 46220 yuan / ton
    。 Today is the last trading day of the 1906 contract, the price spread fluctuates in 60 ~ 70 yuan / ton, most of the market has been quoted on the 1907 contract, the holder obviously has a strong willingness to raise the price, the morning market tries to quote in the premium 30 ~ premium 80 yuan / ton, due to the spread of the next month than last week widened, resulting in a significant increase in spot premium than last week, most of the market doubts are on the sidelines, holders in the case of abundant supply, temporarily difficult to digest, take the lead from good copper to start the price reduction, good copper to 60 ~ premium 70 yuan / ton, Flat water copper was reduced to 10 ~ 20 yuan / ton of water premium, and wet copper further expanded the discount state to about
    40 yuan / ton.

    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.