Announcement on the correction of publishing date of SMM Copper Concentrate Index on 1st Jan, 2021 to 31st Dec, 2020

Published: Jan 21, 2021 16:50
Announcement on the correction of publishing date of SMM Copper Concentrate Index on 1st Jan, 2021 to 31st Dec, 2020

Dear subscribers,

We have to apologize for mistaking in publishing SMM Copper Concentrate Index on 1st Jan,2021 due to technical issue, which caused Index published on 31st Dec,2020 shown as published on 1st Jan,2021.

According to the methodology of SMM Copper Concentrate Index, SMM copper concentrate Index is officially published on working Friday, or the last trading day of the week if Friday is Chinese public holiday.

We are declaring officially to correct the publishing date of SMM Copper Concentrate Index(weekly) from 1st Jan,2021 to 31st Dec,2020 by following SMM pricing compliance requirement.

Once again, we are truly sorry for any inconvenience caused.

Methodology of SMM Copper Concentrate Index attached

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Copper Futures Volume Drops Sharply
58 mins ago
Copper Futures Volume Drops Sharply
Read More
Copper Futures Volume Drops Sharply
Copper Futures Volume Drops Sharply
Copper futures trading volume dropped sharply, signaling reduced participation and cautious sentiment.
58 mins ago
Africa Pilots Sustainability Bond for Copper Supply Chains
1 hour ago
Africa Pilots Sustainability Bond for Copper Supply Chains
Read More
Africa Pilots Sustainability Bond for Copper Supply Chains
Africa Pilots Sustainability Bond for Copper Supply Chains
Africa is piloting a sustainability bond to formalize artisanal copper mining, improving supply stability and ESG outcomes.
1 hour ago
IFC and First Quantum Signed Copper Ore Agreement; Overnight LME Copper and SHFE Copper Both Closed Higher [SMM Copper Morning Meeting Minutes]
1 hour ago
IFC and First Quantum Signed Copper Ore Agreement; Overnight LME Copper and SHFE Copper Both Closed Higher [SMM Copper Morning Meeting Minutes]
Read More
IFC and First Quantum Signed Copper Ore Agreement; Overnight LME Copper and SHFE Copper Both Closed Higher [SMM Copper Morning Meeting Minutes]
IFC and First Quantum Signed Copper Ore Agreement; Overnight LME Copper and SHFE Copper Both Closed Higher [SMM Copper Morning Meeting Minutes]
SMM Morning Meeting Summary: Overnight, LME copper opened at $12,398/mt, dipped to a low of $12,280/mt early in the session, then the price center rose to test a bottom at $12,755.5/mt, and finally moved sideways to close at $12,705.5/mt, up 3.06%, with trading volume at 28,000 lots and open interest at 294,000 lots, down 357 lots from the previous trading day, mainly driven by bears reducing positions. Overnight, the most-traded SHFE copper 2605 contract opened at 98,080 yuan/mt, touched a high of 98,500 yuan/mt early in the session, then the price center fluctuated lower to test a bottom at 97,890 yuan/mt, and finally closed at 98,330 yuan/mt, up 0.11%, with trading volume at 33,000 lots and open interest at 178,000 lots, down 3,110 lots from the previous trading day, mainly driven by bears reducing positions.
1 hour ago