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July 6th SMM Guangdong Copper spot Market Express: weak trading in the market and rising water are basically the same as last Friday.
Jul 6,2020 12:09CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 on June 6: today, the spot price of electrolytic copper in Guangdong province is quoted as a rise of 40ml / 70m for that month's contract, the average price is flat; the wet copper discount is 10 ~ flat, and the average price is flat. The average price of electrolytic copper is 49045 yuan / ton, while that of wet copper is 48985 yuan / ton. Spot market: stocks in Guangdong continued to rise slightly over the weekend, but the increase was much lower than last week, coupled with a certain drop in copper prices today. However, the reception mood of downstream manufacturers is general, it is reported that recently downstream manufacturers have purchased a lot of non-standard and wet copper, resulting in their low willingness to purchase PC boards. Affected by this, the holding price is weak, and today's mainstream transaction price is basically the same as last Friday. That is, 80 yuan / ton for good copper, 50 yuan / ton for flat copper and 0 yuan / ton for wet copper. Overall, today's trading is general, downstream procurement is not active; pay attention to the arrival of goods tomorrow, if you restart the situation of destocking, the future rising water materials will still shock higher.

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