SMM Spot Copper: Premiums Decline Amid Weak Year-End Demand and Increased Imports

Publicado: Dec 4, 2024 14:17
[SMM Spot Copper] The mainstream standard-quality copper was quoted at parity to a premium of 20 yuan/mt against the front-month contract, while high-quality copper was quoted at a premium of 30-50 yuan/mt. The premiums declined as expected during the day, with the inflow of imported cargoes continuing to impact market premiums. Year-end downstream purchasing sentiment remained weak, coupled with temporary maintenance by some downstream players in east China, leading to a decrease in outflows from warehouses in Shanghai compared to last week. Premiums are expected to decline slightly again tomorrow.

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