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May 14 SMM Guangdong Copper spot Market Express: as the month is approaching, the activity of both supply and demand is declining.
May 15,2020 11:56CST
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Source:SMM
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SMM5, March 15: Guangdong electrolytic copper spot on the current month contract up 70% 90, the average price up 35%; wet copper up 30% 40, the average price up 40%. The average price of electrolytic copper rose 245yuan / ton to 43380 yuan / ton, and the average price of wet copper rose 205yuan / ton to 43335 yuan / ton. Spot market, the last trading day before the exchange month, the market trading is very quiet, very few shippers, early trading has a small amount of flat copper 50 yuan / ton inflow, but soon by the second, then the shipper raised the price of shipment, to about 11:00, good copper trading price has risen to 90 yuan / ton, flat copper trading price of about 70 yuan / ton, wet copper is also raised to 30 yuan / ton. The following month Pingshui copper quotation heard 150-200 yuan / ton, next Monday's market quotation is also expected to be in this range. Overall, the market was quiet before delivery, with few transactions.

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