[SMM Meridian Review] May 6 Guangdong Copper spot Market Express: trading in the spot market after the festival is relatively quiet, rising and fluctuating back down

Published: May 07, 2020 11:59 (GMT+8)

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SMM5, March 7: Guangdong electrolytic copper spot on the current month's contract rose 240% 240, the average price rose 5; wet copper rose 190 ~ 200, the average price rose 10. The average price of electrolytic copper is 43135 yuan / ton, and the average price of wet copper is 43090 yuan / ton. In the spot market, Guangdong inventory increased only one day after the festival and fell sharply again, and the holder wanted to make a strong price. In morning trading, Pingshui copper once reported to 300 yuan / ton, but few received too much water. The holder can only lower the price of riser copper to 230 yuan / ton, and the price of good copper has dropped to 240 yuan / ton. Wet copper is quoted at 200 yuan / ton due to lack of stock. The price of copper in Pingshui has been reduced to 230 yuan / ton, while the price of good copper has dropped to 240 yuan / ton, and the price of wet copper is quoted at 200 yuan / ton. Overall, the recent consumption momentum in Guangdong is still good, coupled with the limited arrival of goods, we expect to continue the momentum of inventory, rising water will remain high.

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