July 22nd SMM Guangdong Copper spot Quick report: high Copper Price suppresses Market Trading Today is quite quiet

SMM7 March 22: today, the spot price of electrolytic copper in Guangdong Province has risen 20% to that month's contract, with an average price drop of 10 yuan / ton; wet copper quoted a discount of 30% to 20% discount, with an average price drop of 20 yuan / ton. The average price of electrolytic copper is 52665 yuan / ton, and the average price of wet copper is 52590 yuan / ton. Spot market: copper prices soar close to the year's high, affected by this downstream purchasing desire is very low today, holders can only continue to reduce the rise of water delivery, flat copper from 50 yuan / ton in morning trading, down to about 11:00 / ton, wet copper newspaper-20,30 yuan is also down 20 yuan compared with yesterday. However, it is worth noting that the recent shortage of negotiable thick plates in the market has led to a high level of Shengshui (recently around 80 yuan / ton), and the price difference between Shengshui and flat copper continues to widen. On the whole, the high copper price suppresses market trading, and the transaction is quite quiet today.