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May 26th SMM Guangdong Copper spot Market Express: the market favors low-price wet-process copper and high-price copper.
May 26,2020 11:51CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 March 26: today, the spot price of electrolytic copper in Guangdong province rose 200 cents 210 to that month's contract, with the average price down 10 percent; wet copper rose 150 percent 160, with the average price down 10 percent. The average price of electrolytic copper is 44085 yuan / ton, while that of wet copper is 44035 yuan / ton. In the spot market, inventory continued to decline slightly, and the holder supported a strong demand for goods. Pingshui Copper reported 220 yuan / ton (next month ticket) in early trading, but downstream delivery was not active, so the holder could only reduce the price to 200 yuan / ton (next month ticket). However, the holder is only willing to reduce the price to 200 yuan / ton (next month ticket). In addition, more wet-process copper has entered the market today, which is also another key factor in suppressing the rising water of flat-water copper. Today's mainstream trading price of wet-process copper is about 160 yuan / ton (next month's ticket). It is also understood that the supply of goods stored in the south is tight recently, and even there is a situation that it is difficult to obtain goods, and the transaction price of goods stored in the south is generally high. Generally speaking, today's market favors low-price wet-process copper, high-price flat copper and good copper in general.

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