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July 16 SMM Guangdong copper spot market express: low rising water and low copper price stimulate trading activity in the market today
Jul 17,2020 11:36CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 17: today, the spot price of electrolytic copper in Guangdong Province has risen 40% to 90% of the contract for that month, with an average price up 25%; wet copper has been offered a discount of 10 ~ flat water, with an average price up 10%. The average price of electrolytic copper is 51605 yuan / ton / ton, and the average price of wet process copper is 51545 yuan / ton / ton. Spot market: the inventory decreased slightly, and the consignor shipped at a positive price. In early trading, the consignor reported that Pingshui copper rose 60 yuan / ton, but the receiver was limited. Some consignors took the initiative to reduce the price, and Pingshui copper was quoted at 40 yuan / ton. With the completion of low-price copper sales, the rising water rose slightly to 50 yuan / ton. Finally, the main transaction price of good copper is 90 yuan / ton, the mainstream transaction price of flat copper is 40 yuan 50 yuan / ton, and the wet copper is-100.0 yuan / ton. Overall, trading in the market weakened over the weekend, and the trend of rising water in the day was repeated.

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