Today, Shanghai copper opened low and bottom closed. Contract 1009 closed at 54,100 points, down by 1,370 points, or 2.47%, trading at 54,000 to 54,880, positions increased 12,220 hands, trading volume rose sharply.
On the spot market, the Yangtze 1 # electrolytic copper 54,700-54,800 RMB/T, down by 650 RMB/T; Shanghai 1 # copper 54,700-54,850 RMB/T, down by 765 RMB/T; Guangdong Nanchu 1 # electrolytic copper 54,700-54,900 RMB/T, down by 800 RMB/T.
Today, the domestic copper price was lower than yesterday’s by 600 RMB/T. The trading atmosphere was light, and watching attitudes were mainly in the market. Goods holders were reluctant to sell and were optimistic about the future market. Downstream buyers procured on demand. Latest Market Price: 1 # bare bright 52,000 RMB/T, unchanged from the previous day.
(1RMB=0.1465USD) | source www.worldscrap.com