SMM4 March 3 North China Copper spot Market Express

SMM, April 3: the current contract of electrolytic copper in North China today rose by 100 yuan / ton to 150 yuan / ton, and the transaction price was 39680 yuan / ton to 39780 yuan / ton. Driven by the marginal improvement of consumer demand and the expectation of tax reduction, the smelter led the market to push up the rising water quotation and raise the water price by more than 100 yuan / ton. At present, the copper price is relatively low, reducing the space between scrap copper and electrolytic copper, the import of superimposed scrap copper is blocked, scrap copper raw materials are limited, more processing enterprises turn to electrolytic copper materials, which is also one of the factors to promote spot water to maintain strength.