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[SMM Review] Guangdong Copper spot Market Express on April 1: Gaosheng Water stimulates merchants to ship, but the enthusiasm for receiving goods is not high.
Apr 1,2020 11:46CST
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SMM4, January 1: Guangdong electrolytic copper spot to the current month contract rose by 110% 130, wet copper reported rising water 50 ~ 50. The average price of electrolytic copper rose 150yuan / ton to 39585 yuan / ton, and the average price of wet copper rose 145yuan / ton to 39515 yuan / ton. In the spot market, today's Guangdong spot market continues the situation of rising and falling in the Guangdong spot market yesterday. In morning trading, traders offered to ship Pingshui copper for 130 yuan / ton one after another, but the consignee was very limited. The price was lowered to 100110 yuan / ton before the transaction was improved; good copper was also reduced from 150 yuan / ton in the morning to 120 yuan / ton. In addition, it is worth noting that, stimulated by the upsurge, many businesses holding warehouse receipts took the initiative to ship goods today, resulting in a significant increase in market supply compared with yesterday. Overall, shipments increased significantly today, but the enthusiasm for receiving goods is not high, the overall transaction is general.

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