SMM Spot Copper: Premiums Limited Amid Inventory Decline and Contract Deliveries

Publicado: Dec 16, 2024 13:53
[SMM Spot Copper] During the day, mainstream standard-quality copper was quoted at a premium of 70-150 yuan/mt against the front-month contract, while high-quality copper was quoted at a premium of 90-170 yuan/mt. According to the SMM survey, nearly 10,000 mt of inventory was destocked in the Shanghai area over the weekend, as year-end downstream consumption experienced another small peak. However, considering the limited arrivals in the region during long-term contract negotiations and the gradual completion of long-term contract deliveries after the delivery of the SHFE 2412 contract, the upward adjustment of premiums is expected to be limited. It is anticipated that premiums against the SHFE 2501 contract will decline 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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[SMM Spot Copper] During the day, mainstream standard-quality copper w - Shanghai Metals Market (SMM)