SMM Copper Spot: Premiums Fluctuate Amid Price Volatility and Modest Consumption Recovery

Publicado: Nov 7, 2024 12:11
[SMM Copper Spot] Within the day, mainstream flat-water copper was quoted at a premium of RMB 10/ton to RMB 40/ton against the spot month contract, while high-quality copper was quoted at a premium of RMB 30/ton to RMB 60/ton. Due to significant short-term fluctuations in copper prices, buyers and sellers in the spot market adopted a wait-and-see attitude. Consumption only showed a slight recovery during the day, and fundamentals still struggled to provide strong support for spot premiums. If copper prices continue to decline subsequently, it is expected that downstream buyers' willingness to replenish inventories at lower prices will increase, and this restocking activity is projected to push premiums up slightly.

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