SMM Spot Copper Report: Slight Decline in Spot Premiums Amid Weakly Balanced Supply and Demand

Publicado: Nov 19, 2024 12:15
[SMM Spot Copper] During the day, mainstream standard-quality copper was quoted at a premium of 60-80 yuan/mt against the front-month contract, while high-quality copper was quoted at a premium of 80-100 yuan/mt. Spot premiums were slightly under pressure during the day, with downstream sentiment for restocking on dips being relatively high. Overall supply and demand remained weakly balanced. A significant inflow of non-registered imported cargoes was observed during the week, and with supply support, spot premiums are expected to decline slightly tomorrow.

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.

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