Home / Metal News / Copper / May 14 SMM Guangdong Copper spot Market Express: as the month is approaching, the activity of both supply and demand is declining.
May 14 SMM Guangdong Copper spot Market Express: as the month is approaching, the activity of both supply and demand is declining.
May 14,2020 12:15CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

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.

Quotation
noon message

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn