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[SMM Review] Guangdong Copper spot Market Express on April 2: copper prices stopped falling and rebounded today and the trading atmosphere in the market was significantly better than yesterday.
Apr 2,2020 11:54CST
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Source:SMM
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SMM4, March 2: Guangdong electrolytic copper spot on the current month's contract rose by 110% 130, wet copper reported 50 to 60%. The average price of electrolytic copper fell 590yuan / ton to 38995 yuan / ton, and the average price of wet copper fell 585yuan / ton to 38930 yuan / ton. In the spot market, copper prices are low and high today, and the purchase volume of downstream users has increased significantly, but affected by the outflow of warehouse receipts, the rising water in early trading was basically the same as yesterday, that is, Pingshui copper quoted 110 yuan / ton and good copper 130 yuan / ton. To the second trading session, Pingshui copper was sought after to quote slightly up to 120 yuan / ton, but good copper due to oversupply but down 10 yuan / ton to 120 yuan / ton, the two prices are basically the same. In addition, wet copper due to low prices, sought after by the market, today quoted for 60 yuan / ton. Overall, copper prices rebounded today, and the market trading atmosphere was significantly better than yesterday.

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