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July 9 SMM Guangdong Copper spot Market Express: the supply of negotiable goods is very tight, rising water continues to jump.
Jul 9,2020 12:12CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 9: today, the spot price of electrolytic copper in Guangdong province is quoted as a rise of 110Mel 130 for that month's contract, with an average price increase of 55 yuan per ton; wet copper is quoted at 50 to 60 yuan per ton, with an average price increase of 50 yuan per ton. The average price of electrolytic copper is 50495 yuan / ton, and the average price of wet copper is 50430 yuan / ton. Spot market: although inventories have risen slightly, the supply of goods that can be circulated in the market is very scarce, the vast majority of smelters do not have zero orders, and there are few traders with goods. Affected by this, there is no firm price in the market today, and it will not be actually quoted until after 10 o'clock, and the price is extremely high, but the market is really difficult to obtain, and the consignee can only be forced to accept the high supply of goods. By 11:00, the price of good copper was 130x140 yuan / ton, that of flat copper 110pound was 120 yuan / ton, and that of wet-process copper 50 pound was 60 yuan / ton. Overall, the shortage of negotiable goods in Guangdong is the main reason for rising water. We estimate that the situation will continue until before delivery, and it is expected that rising water will continue to show a volatile and higher situation.

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