Daily Review of scrap Copper on May 6: the benefit of scrap Copper Rod is getting better, and the enterprise is preparing for the resumption of production.

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SMM, May 6: Shanghai electrolytic copper spot contract today rose 130 yuan / ton ~ 160 yuan / ton, Pingshui copper transaction price 42750 yuan / ton ~ 42890 yuan / ton, Shengshui copper transaction price 42760 yuan / ton ~ 42900 yuan / ton. Shanghai copper opened low after the opening of the market, the first day after the festival holders quoted actively, the price in the morning market slightly up to 130 ~ 140 yuan / ton, low prices to attract traders to accept goods, transactions can be done, then flat copper up to 140 yuan / ton, good copper 150 ~ 160 yuan / ton, up into a stalemate after the transaction, downstream after the delivery of goods to maintain a state of need, wet copper quotation deadlock in about 100 yuan. Today's overall transaction is general, most of the morning market consignees are some large traders, mainly for their post-festival low inventory state of the appropriate replenishment, the holder is not willing to sell at a low price, the supply and demand sides show the characteristics of wait-and-see saw on the first day after the festival.

The price of Guangliang copper in Guangdong is 39800 yuan / ton ~ 40100 yuan / ton, which is 100 yuan / ton lower than that of the previous trading day, and the price difference between fine waste and waste is 280yuan / ton. According to SMM, in the near future, the fine waste price difference has been continuously repaired, and the benefit of the scrap copper rod has improved. The production enterprises that stopped in the early stage are preparing for the resumption of production. It is expected that the start of the scrap copper rod in May should pick up slightly, but in the long run, the scrap copper will also tighten to limit the degree of recovery of the operating rate.

(information hotline: SMM Xinyong 021-51595820)

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