[SMM Meridian Review] Guangdong Copper spot Market Express on April 15: the market is quiet on the delivery day.

Published: Apr 15, 2020 11:33

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SMM4, March 15: Guangdong electrolytic copper spot on the current month contract rose 110-120, the average price yesterday, wet copper quoted water 60 ~ 70, the average price was flat yesterday. The average price of electrolytic copper fell 240yuan / ton to 41720 yuan / ton, and the average price of wet copper fell 240yuan / ton to 41670 yuan / ton. Spot market, delivery day market trading is relatively quiet, whether traders or downstream procurement desire is not high, the market transaction price to maintain yesterday's level, that is, good copper trading price in 120 yuan / ton, Pingshui copper trading price in 110 yuan / ton, wet copper trading price in 60 yuan / ton; some traders quote monthly prices, Pingshui copper 120 yuan / ton. Overall, stocks in Guangdong have continued to decline recently, the market supply is relatively tight, and it is expected that the rising water will remain at a high level after the month of exchange.

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