Copper Pipe & Tube Operating Rate Drops to 72.26% in May, Down 8.01% MoM and 9.5% YoY
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![[SMM Flash] Supply tightness caused by the Hormuz situation continued to escalate, driving sulfur prices higher.](https://imgqn.smm.cn/usercenter/HfIIS20251217171709.jpg)
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[SMM Flash] Supply tightness caused by the Hormuz situation continued to escalate, driving sulfur prices higher.
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[SMM Flash] Supply tightness caused by the Hormuz situation continued to escalate, driving sulfur prices higher.
As of June 10, market sources indicated that the transaction price for China spot sulfur broke through 10,000 yuan/mt on the day.
SMM EXW Shandong Sulfur quotation range was 9,307-10,000 yuan/mt, while SMM CIF Indonesia Sulfur quotation range was $1,250-1,300/mt, with the price center continuing to shift upward.
The supply-side tightness remained unchanged, and short-term prices still faced upward pressure.
Common.Time.minsAgo
![Inventory neared a new low for the year, suppliers held prices firm significantly. Overall trading was moderate. [SMM South China spot copper]](https://imgqn.smm.cn/usercenter/CJXfS20251217171710.jpg)
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Inventory neared a new low for the year, suppliers held prices firm significantly. Overall trading was moderate. [SMM South China spot copper]
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Inventory neared a new low for the year, suppliers held prices firm significantly. Overall trading was moderate. [SMM South China spot copper]
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![As delivery date approaches, market supply decreases and premiums rebound [SMM North China Spot Copper]](https://imgqn.smm.cn/usercenter/OpmKJ20251217171712.jpg)
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As delivery date approaches, market supply decreases and premiums rebound [SMM North China Spot Copper]
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As delivery date approaches, market supply decreases and premiums rebound [SMM North China Spot Copper]
In North China today, spot #1 copper cathode against the front-month contract was reported at an average discount of 280-180 yuan/mt, with the average discount at 230 yuan/mt, up 10 yuan/mt from the previous trading day. The average transaction price was 103,810 yuan/mt, down 115 yuan/mt from the previous trading day.
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[SMM Flash] Supply tightness caused by the Hormuz situation continued to escalate, driving sulfur prices higher.
Jun 10, 2026 11:57
Inventory neared a new low for the year, suppliers held prices firm significantly. Overall trading was moderate. [SMM South China spot copper]
Jun 10, 2026 11:32
As delivery date approaches, market supply decreases and premiums rebound [SMM North China Spot Copper]
Jun 10, 2026 11:30
Overnight copper prices edged down, bulls cut positions; spot supply tightened, and the discount continued to narrow [SMM Copper Morning Meeting Minutes]
Jun 10, 2026 09:19