July 21 SMM Guangdong Copper spot Market Express: copper prices go high and downstream, chasing high and low, rising water continues to fall within days.

Published: Jul 21, 2020 11:37

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SMM7 March 21: today, the spot price of electrolytic copper in Guangdong Province has risen by 40 per cent for that month's contract, with an average price falling by 10 yuan per ton, while wet copper has been offered a discount of 10 per ton, with an average price drop of 10 yuan per ton. The average price of electrolytic copper is 51865 yuan / ton, and the average price of wet copper is 51800 yuan / ton. Spot market: inventories decreased slightly, and some traders were willing to make up-price shipments in early trading. Flat copper was once quoted at 60 yuan / ton, but the degree of acceptance downstream was low. On the one hand, copper prices rose again. Downstream enterprises have reduced their own orders to catch up and replenish goods. On the other hand, the number of traders shipping today is also higher than yesterday, and there are more negotiable sources of goods. To sum up: today, the holder continues to reduce the rise of water for shipment, and the rise of water continues to decline within the day, but the transaction is still general. Finally, the mainstream transaction price of good copper is 80 yuan / ton, the mainstream transaction price of flat copper is 30 yuan / ton, and the mainstream transaction price of wet copper is 0 yuan / ton.

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