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May 21 SMM Guangdong Copper spot Market Express: today's shipments have significantly increased, rising water has continued to fall.
May 21,2020 11:49CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 March 21: today, the spot price of electrolytic copper in Guangdong province rose 220,240 to that month's contract, with an average price down 25%; wet copper reported a rise in water 180,190, with an average price down 20%. The average price of electrolytic copper is 44655 yuan / ton, and the average price of wet copper is 44610 yuan / ton. In the spot market, consignors still insist on high-rise water shipments in early trading, but the overnight copper price has risen sharply, coupled with an increase in inventories, and the receiver generally takes a wait-and-see attitude to accept the goods. With the outflow of imports and warehouse receipts, the holder began to take the initiative to reduce the price for shipment, but the consignee still did not buy it, and the rising water was forced to fall further. Good copper dropped from 250yuan / ton in morning trading to 230yuan / ton at 11:00, flat copper from 250yuan / ton to 210yuan / ton, and wet-process copper from 180yuan / ton to 170yuan / ton. Overall, shipments increased significantly today, and the rising water continued to decline.

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