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[SMM Review] Guangdong Copper spot Market Express on April 29: holders continue to lower prices, rising and falling
Apr 29,2020 12:07CST
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Source:SMM
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SMM4, March 29: Guangdong electrolytic copper spot on the current month contract rose by 240 ~ 250, the average price fell 10; wet copper reported water 200 ~ 210, flat. The average price of electrolytic copper rose 395 yuan / ton to 42940 yuan / ton, and the average price of wet copper rose 405 yuan / ton to 42900 yuan / ton. In the spot market, there are 2 working days left before the Dragon Boat Festival holiday. Although some businesses want to offer goods, more and more shippers continue to lower their prices, and the desire to basically complete replenishment purchases downstream is not strong. As a result, today's rising water continues to decline, good copper has an early trading price of 280 yuan / ton to 240 yuan / ton; Pingshui copper dropped from 250 yuan / ton to 220 yuan / ton, and even heard a small amount of 200 yuan / ton trading price. Wet copper supply shortage is only a small drop of 10 yuan / ton. Overall, we think the rising water will continue to fall tomorrow, and there may be a small decline in the first week after the festival, but the decline is expected to be small.

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