[SMM Review] Guangdong Copper spot Market Express on April 30: the last trading day before the festival, the market was desolate.

Published: Apr 30, 2020 12:05

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SMM4, March 30: Guangdong electrolytic copper spot on the current month contract rose by 200 ~ 210, the average price fell 40%; wet copper quoted water 150 ~ 160, the average price fell 50%. The average price of electrolytic copper rose 140yuan / ton to 43080 yuan / ton, and the average price of wet copper rose 130yuan / ton to 43030 yuan / ton. Spot market, the last trading day before the festival, most of the downstream has completed stock, today to continue to replenish not many. And most traders have entered a semi-holiday state, there are not many transactions. As a result, the rising water continued to fall today. Both good copper and flat copper dropped from 230 yuan / ton in early trading to 200 yuan / ton, and some even dropped to 180 yuan / ton. Concerned about the arrival and resumption of production after the festival, we expect the arrival of goods or limited, but consumption is OK, it is estimated that the rising water after the festival will not fall sharply.

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