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July 7 SMM Guangdong Copper spot Market Express: inventory increases superimposed high copper prices rise and fall today
Jul 7,2020 11:52CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 on March 7: today, the spot price of electrolytic copper in Guangdong Province is quoted for a rise of 40ml / 70m to the contract of that month, with the average price unchanged; the discount of wet copper is 10 ~ flat, and the average price is flat. The average price of electrolytic copper is 49595 yuan / ton, and the average price of wet copper is 49535 yuan / ton. Spot market: under the background that stocks continue to increase and copper prices hit new highs, today's consignors' strike price is weak. In early trading, Pingshui Copper once reported rising water 60 yuan / ton, but there were few receivers, and the consignors could only reduce the level of water delivery. By 11:00, good copper reported 70 yuan / ton, flat copper 40 yuan / ton, and wet copper 0ram 10 yuan / ton. Overall, copper prices continue to hit record highs, suppressing the purchasing enthusiasm of downstream manufacturers, which generally maintain the reluctance to increase inventory by purchasing on demand. In addition, the lower reaches prefer low-price non-standard and wet-process copper, which is also one of the reasons for the inactive trading of flat copper. Finally, it is understood that imports of copper will still arrive in the next few days, and stocks are easy to rise and difficult to fall, rising water or maintaining low shocks.

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