SMM Report: Enameled Wire Operating Rate Dipped in August, Forecasting 0.66% Rise in September
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Shanghai Copper Market to Stay Strong Amid Tight Supply and Rigid Demand
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Shanghai Copper Market to Stay Strong Amid Tight Supply and Rigid Demand
The Shanghai spot copper market is expected to remain relatively strong tomorrow. In Jiangsu, available spot cargo remains tight, making procurement difficult for some downstream buyers and supporting spot premiums. The inter-month Contango spread has widened, strengthening suppliers' willingness to hold positions for delivery and reducing lower-price selling. Despite cautious downstream buying after the recent price pullback, rigid restocking demand persists. Overall, spot premiums against SHFE copper 2604 are expected to hold current levels.
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