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[SMM midday review] April 16 Guangdong copper spot market express: after the exchange month, the market is still out of stock, rising water and rising ships
Apr 16,2020 11:47CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM4, March 16: Guangdong electrolytic copper spot on the current month contract rose by 140 ~ 150, the average price rose 30%; wet copper quoted water 90 ~ 100, the average price rose 30%. The average price of electrolytic copper fell 45 yuan / ton to 41675 yuan / ton, and the average price of wet copper fell 45 yuan / ton to 41625 yuan / ton. Spot market, after the exchange month, the market trading significantly improved, subject to tight supply, today's rising water showed a sustained high situation, Pingshui copper reported 130 yuan / ton in early trading, good copper reported 140 yuan / ton. Soon was emptied, the price rose 10 yuan / ton, to the second quarter of the trading session is even more difficult to obtain, some traders said that 150 yuan / ton flat water copper is difficult to receive goods, to 160 yuan / ton to have a deal. Overall, the supply of goods continues to be tight, businesses are bullish atmosphere, rising water rising boats, active market trading.

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