[SMM midday review] April 14 Guangdong copper spot market report: the market supply is tight, rising water continues to rise slightly

Published: Apr 14, 2020 11:59

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SMM4 14 / PRNewswire-FirstCall-Asianet / Today Guangdong Province electrolytic copper spot on the current month contract rose by 110 ~ 120, wet copper reported rising water 60 ~ 70. The average price of electrolytic copper rose 65 yuan / ton to 41960 yuan / ton, and the average price of wet copper rose 70 yuan / ton to 41910 yuan / ton. In the spot market, affected by the decline in goods and the increase in shipments, Guangdong electric copper stocks have fallen to 68800, the lowest level since February 5. Therefore, holders generally high prices for shipment, early trading there are a small number of low-priced sources (Pingshui copper 100 yuan / ton) outflow, but soon wiped out, the price rose, to the second quarter trading time flat copper has risen to 120 yuan / ton; good copper because of warehouse orders outflow limit, can only be maintained at yesterday's 120 yuan / ton; wet copper due to shortage prices also rose slightly from yesterday 10 yuan / ton to 60 yuan / ton. Overall, the market supply of tight rising water slightly up, but near the delivery of traders do not want to receive goods, today's transactions are mainly downstream just need to purchase.

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