echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > Chemical Technology > Spot copper premium narrowing limited Global copper market oversupply

    Spot copper premium narrowing limited Global copper market oversupply

    • Last Update: 2022-11-18
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Today's Shanghai electrolytic copper spot contract reported a premium of 270 yuan / ton - 330 yuan / ton, flat water copper trading price of 39440 yuan / ton 39880 yuan / ton, and premium copper trading price of 39480 yuan / ton - 39940 yuan / ton
    .

    Shanghai copper morning market fell nearly 1,000 yuan / ton, a large number of speculators into the market to absorb low-priced goods, bargain trading active, the second trading period of Shanghai copper suddenly rose, the range of more than 500 yuan / ton, morning market receivers profit shipments, supply increased, but the current copper premium narrowing is limited, the willingness to rise water is still obvious, market transactions are restrained, middlemen enter the market slowly, downstream is difficult to find low-priced sources, and the sustainability of copper price status to rise, maintain on-demand delivery, transactions are dominated
    by speculators.

    Today's Shanghai electrolytic copper spot contract reported a premium of 270 yuan / ton - 330 yuan / ton, flat water copper trading price of 39440 yuan / ton 39880 yuan / ton, and premium copper trading price of 39480 yuan / ton - 39940 yuan / ton
    .

    copper

    Shanghai copper morning market fell nearly 1,000 yuan / ton, a large number of speculators into the market to absorb low-priced goods, bargain trading active, the second trading period of Shanghai copper suddenly rose, the range of more than 500 yuan / ton, morning market receivers profit shipments, supply increased, but the current copper premium narrowing is limited, the willingness to rise water is still obvious, market transactions are restrained, middlemen enter the market slowly, downstream is difficult to find low-priced sources, and the sustainability of copper price status to rise, maintain on-demand delivery, transactions are dominated
    by speculators.

    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.