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May 25th SMM Guangdong Copper spot Market Express: Shengshui is higher, but the delivery is cautious, and the overall trading atmosphere is general.
May 25,2020 11:41CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 March 25: today, the spot price of electrolytic copper in Guangdong province rose 210: 220 to that month's contract, with an average price increase of 10%; wet copper rose by 160% to 170%, with an average price increase of 10%. The average price of electrolytic copper is 43805 yuan / ton, while that of wet copper is 43775 yuan / ton. In the spot market, stocks fell sharply over the weekend, coupled with a drop in copper prices, and today's holders generally shipped at a high price. In early trading, there were few shippers and market quotations were messy, flat copper was quoted at 210yuan / ton, 250yuan / ton or even 300yuan / ton; with the increase of shippers, the price began to unify, and after 10:10, the mainstream transaction price in the market has stabilized at 220yuan / ton of good copper, 210yuan / ton of flat copper and 160yuan / ton of wet copper. Overall, Shengshui is higher, the consignee is generally cautious, only maintain on-demand procurement, the overall trading atmosphere is general.

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