[SMM Meridian Review] March 2 Guangdong Copper spot Market Express: the holder is willing to sell at a high price, and the spot water rises and the ship rises.

SMM March 2: Guangdong electrolytic copper spot to the current month contract report 150 ~ paste 130, wet copper discount 210 ~ discount 200. today, Guangdong Province electrolytic copper spot to the current month contract report 150 ~ paste 130, wet copper discount 210 ~ discount 200. The average price of electrolytic copper fell 125yuan / ton to 44580 yuan / ton, and the average price of wet copper fell 115yuan / ton to 44515 yuan / ton. In the spot market, copper prices are low and high today, and shippers are not willing to ship goods. Driven by the sharp rise in Shanghai Shengshui, Guangdong holders have also offered to ship goods one after another. Today, the price of copper in Pingshui rose, and there was still a low source of goods in early trading (- 160 yuan / ton), but it was soon wiped out, and the mainstream transaction price rose to-150 yuan / ton. Due to fewer shippers in the second quarter, some shippers raised their quotations to-140 yuan / ton, but the consignees were afraid of being high and the actual transaction was limited. In addition, today's good copper and wet copper quoted for-130 yuan / ton and-210 yuan / ton, insufficient demand for good copper and flat copper price difference further narrowed. Overall, the market trading is more active today, but the main transactions are concentrated among traders, the main reason is the active arbitrage of bills with abundant funds at the beginning of the month.