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May 21 SMM Guangdong Copper spot Market Express: Shengshui continued to decline, but the transaction did not follow the improvement.
May 22,2020 11:53CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 March 22: today, the spot price of electrolytic copper in Guangdong province rose 190: 220 to the contract for that month, with an average price down 25%; wet copper reported a rise of 150: 160, with an average price down 30%. The average price of electrolytic copper is 43925 yuan / ton, and the average price of wet process copper is 43875 yuan / ton. In the spot market, although copper prices fell sharply yesterday, the holder did not make a straight price shipment. in early trading, Pingshui Copper quoted 190x200 yuan / ton down 20 yuan / ton compared with yesterday's price, but the receiving of goods was not active, and the holder could only continue to lower the level of water shipment. by about 11:00, good copper had fallen to 210yuan / ton, flat copper to 180yuan / ton, and wet copper to 140yuan / ton. Overall, Shengshui continued to decline today, but the transaction did not follow the improvement. It is worth noting that there will continue to be imports of copper next week and domestic smelters to increase shipments, material supply will increase compared with this week.

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