[SMM Review] Guangdong Copper spot Market Express: Guangdong Electric Copper Market continues to rise in short supply

Published: Apr 22, 2020 11:59

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SMM4 22: Guangdong electrolytic copper spot on the current month contract up 250 ~ 260, the average price up 45; wet copper up 200 ~ 210, the average price up 40. The average price of electrolytic copper fell 1000 yuan / ton to 41170 yuan / ton, and the average price of wet copper fell 1005 yuan / ton to 41120 yuan / ton. In the spot market, the tight supply of electrolytic copper in Guangdong has not been effectively alleviated, and holders continue to offer shipments. Today, the prices of Pingshui copper and good copper rose to 250260 yuan / ton, with almost no price difference between the two. Although the rising water continues to rise, it has not stopped the desire to buy downstream, especially the decline in copper prices today, and even took the initiative to increase the volume of purchases downstream. Overall, Guangdong electric copper market is in short supply, the future rising water is expected to continue to rise.

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