Copper Prices Edge Up Overnight Amid Overseas Macroeconomic Influences, Spot Market Shows Mixed Sentiment

Publicado: Oct 11, 2024 09:35
["Copper Prices Rose Overnight Affected by Overseas Macroeconomic Sentiment"] On October 10, spot 1# electrolytic copper quoted a flat price of -premium 60 yuan/ton against the 2410 contract for the same month, with an average price of premium 30 yuan/ton, down 40 yuan/ton from the previous trading day. After the National Day holiday, spot premiums opened high but closed low, as copper prices remained high, and the digestion capacity of downstream raw material inventories was weak, with significant obstacles to destocking in some regions. However, due to the proximity of the final trading day of the 2410 copper contract on the Shanghai Futures Exchange, the premium concessions offered by holders were also limited. It is estimated that...

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["Copper Prices Rose Overnight Affected by Overseas Macroeconomic Sent - Shanghai Metals Market (SMM)