May 14 SMM Guangdong Copper spot Market Express: as the month is approaching, the activity of both supply and demand is declining.

Published: May 14, 2020 12:15

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SMM5 14: Guangdong electrolytic copper spot for the current month contract up 30% 60, the average price down 90; wet copper paste 10 ~ 0, the average price is flat. The average price of electrolytic copper rose 45 yuan / ton to 43135 yuan / ton, and the average price of wet copper rose 80 yuan / ton to 43130 yuan / ton. In the spot market, copper quotes gradually rose near delivery, rising from + 60 to + 90, but high prices are difficult to close. After a continuous sharp fall in the market bearish sentiment has receded, and the supply of goods in circulation shrank before the exchange month, Pingshui copper followed a small increase in the price of good copper + 30, + 40, and downstream manufacturers are also waiting for the exchange month, traders are not enthusiastic about taking up goods, and the overall activity of both supply and demand has weakened today.

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