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[SMM afternoon Review] May 13 Guangdong Copper spot Market Express: after the sharp decline in Shengshui, the trading activity of the market increased significantly.
May 13,2020 11:38CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 13: Guangdong electrolytic copper spot on the current month contract up 30% 40, the average price fell 90; wet copper sticker 10 ~ 0, the average price fell 90. The average price of electrolytic copper fell 640 yuan / ton to 43090 yuan / ton, and the average price of wet copper fell 640 yuan / ton to 43050 yuan / ton. Spot market, Guangdong spot discount once again staged a high platform dive (good copper fell from 80 yuan / ton in early trading to 40 yuan / ton at 10: 50; flat copper fell from 70 yuan / ton to 30 yuan / ton at 20 pm), but what is different from yesterday is that when the price drop to 20 yuan 30 yuan / ton, the number of consignors increased significantly. Some downstream users take advantage of falling copper prices and rising water to carry out appropriate replenishment when the price of copper is low; some are traders who pick up copper for delivery. Overall, after a sharp decline in rising water, the market trading activity increased significantly. It is expected that the rise and fall of water will remain stable tomorrow and will not fall sharply again.

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