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July 15 SMM Guangdong Copper spot Market Express: Guangdong inventory rapidly increased on the delivery day there are great differences in quotations.
Jul 15,2020 13:48CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 15: today, the spot price of electrolytic copper in Guangdong province rose 90 million yuan / ton to that month's contract, with an average price increase of 30 yuan / ton, while wet copper quoted a rise of 50 cents per ton, with an average price increase of 60 yuan / ton. The average price of electrolytic copper was 52550 yuan / ton, up 455 yuan / ton, and the average price of wet copper was 52505 yuan / ton, up 485 yuan / ton. Spot market: today is the delivery date, SMM continues to quote for 07 contract. The holder concentrated on the quotation for the next month, and the flat copper rose 50% to the 08 contract, with a small number of transactions. However, today, inventories in Guangdong have increased rapidly again, the market has great differences on quotations, and the overall willingness to receive goods is low. The daily rising water has dropped slightly to 20 RMB30 / ton for 08 contracts, and the demand is mainly for purchases in the lower reaches, and the trading atmosphere on the delivery day is insipid.

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