【SMM Copper Spot Flash】

[SMM Copper Cathode Rod Flash] According to SMM, during the night session on September 10, copper prices pulled back notably from the previous trading day. As the absolute price center moved lower, previously suppressed rigid demand was released in a concentrated manner. Downstream enterprises actively placed price orders starting from the night session, and copper cathode rod enterprises reported a significant surge in new orders. However, to guard against performance risks arising from clients failing to pick up goods in a timely manner, enterprises set differentiated maximum price order volume caps for different clients.

Copper price drifted lower today, while enameled wire manufacturers reported a notable improvement in downstream order bookings.

【SMM Shanghai Copper Spot Market Update】Intraday copper prices fell noticeably from the previous trading day, with the Shanghai copper futures contract 2609 trading largely in the range of 109,000 yuan/ton to 109,700 yuan/ton. As the price center of gravity shifted lower, downstream buying enthusiasm for spot pricing picked up markedly. According to SMM sources, some processing enterprises saw large concentrated spot pricing during the night session, and overall spot pricing volume expanded significantly compared with the previous trading day. Driven by centralized point pricing, the downstream raw material procurement demand was released synchronously, and the inquiry and transaction in the Shanghai electrolytic copper Spot Market within the day improved significantly compared with the previous trading day.