Copper Spot Premiums Rise Amid Typhoon Disruptions and Robust Downstream Demand

Publicado: Sep 20, 2024 12:53
[SMM Copper Spot] During the day, mainstream flat-water copper was quoted at a premium of RMB 70/ton to RMB 90/ton against the contract for the current month, while high-quality copper was quoted at a premium of RMB 90/ton to RMB 110/ton. Affected by today's typhoon weather, some cargo holders reported difficulties in taking delivery of imported sources. Given the strong downstream purchasing demand in the morning session, supply was temporarily scarce, leading to higher spot premium transactions during the day. However, downstream buyers have expressed concerns about high copper prices and high premiums, and it is expected that the increase in premiums will still be limited next Monday.

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[SMM Copper Spot] During the day, mainstream flat-water copper was quo - Shanghai Metals Market (SMM)