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July 8th SMM Guangdong Copper spot Market Express: the actual supply of goods that can be circulated in the market rises within a limited day.
Jul 8,2020 11:42CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 8: today, the spot price of electrolytic copper in Guangdong Province has risen 50 cents per ton to the contract for that month, with an average price increase of 10 yuan per ton; wet copper has quoted flat water to rise 10 yuan per ton, with an average price increase of 10 yuan per ton. The average price of electrolytic copper is 49860 yuan / ton, and the average price of wet copper is 49800 yuan / ton. Spot market: although copper prices continue to rise, inventories are reduced, giving holders more strength to stand up for prices. In early trading, Pingshui copper was 50 yuan / ton and good copper was 80 yuan / ton, both up 10 yuan / ton compared with yesterday. However, today's shippers are limited to imported copper, and domestic pc is even more difficult to get. In the second trading period, the shippers have raised the price one after another, and the final flat copper transaction is 70 yuan / ton, the good copper transaction is 100 yuan / ton, and the wet copper transaction is 10 yuan / ton. Generally speaking, the supply of goods that can actually be circulated in the market is limited, which makes the intraday rising water rise, but the high copper price suppresses the activity of trading, and the overall transaction is still mediocre. Finally, as far as we know, a smelter began to overhaul, and it is expected that inventory will be easy to fall and difficult to rise in the future.

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