Shandong Premiums and Discounts Fluctuate Amid Copper Price Volatility

Publicado: Nov 8, 2024 16:49
The premium and discount in Shandong region exhibited a trend of first declining and then rising this week. Early in the week, copper prices were relatively high, prompting holders to actively lower premiums and discounts to increase shipments, yet downstream buyers mainly focused on rigid demand replenishment. Midweek, copper prices plummeted due to the impact of the U.S. presidential election, leading to a rapid increase in procurement demand from processing enterprises and subsequently pushing up premiums and discounts. Looking ahead, if copper prices remain stable around the current level, consumer demand is expected to perform decently, and spot premiums and discounts in Shandong region may hold steady.

Declaración de Fuente de Datos: Excepto la información disponible públicamente, todos los demás datos son procesados por SMM basándose en información pública, comunicación de mercado y confiando en el modelo de base de datos interna de SMM. Son solo para referencia y no constituyen recomendaciones para la toma de decisiones.

Para cualquier consulta o para obtener más información, por favor contacte: lemonzhao@smm.cn
Para más información sobre cómo acceder a nuestros informes de investigación, contacte con:service.en@smm.cn