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SMM5 May 26 North China Copper spot Market Express: downstream maintenance just need to rise the water level with yesterday

iconMay 26, 2020 15:45
Source:SMM

SMM May 26th: today, the spot of electrolytic copper in North China quoted a price of RMB160L / t ~ RMB230L / t for the contract of that month, with a transaction price of RMB 43960 / t ~ 44180 RMB / t. Shanghai copper rose to 43900 yuan / ton above shock finishing, smelters still continue to bid, continue yesterday's quotation at more than 200 yuan / ton, downstream continue to maintain demand, supply and demand to maintain yesterday's quotation unchanged, the average price of rising discount is the same as yesterday, the recent rising water remained at around 200 yuan / ton, there is no bright spot.

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