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SMM January 27
The futures closing price at 11:30 today was 75,410 yuan/mt, up 50 yuan/mt from the previous trading day. The average spot premiums/discounts stood at -45 yuan/mt, up 15 yuan/mt from the previous trading day. The price of secondary copper raw material remained unchanged MoM today. The price of Guangdong bare bright copper was 68,200-68,400 yuan/mt, also unchanged MoM from the previous trading day. The price difference between primary metal and scrap was 2,705 yuan/mt, up 65 yuan/mt MoM. The price spread of primary and secondary copper rods was 1,020 yuan/mt. According to the SMM survey, there were almost no transactions in the market, and enterprises indicated that copper prices remained around 75,000 yuan/mt before the holiday, with a potential upward trend expected after the holiday.
![Reabastecimiento de suministro importado combinado con backwardation en ampliación, las primas del cobre al contado en Shanghái retroceden tras un rápido aumento [Revisión semanal del cobre al contado en Shanghái de SMM]](https://imgqn.smm.cn/usercenter/KTLHT20251217171714.jpeg)
![Los inventarios sociales de cobre caen a 88.900 t, Guangdong alcanza un nuevo mínimo anual [datos semanales de SMM]](https://imgqn.smm.cn/usercenter/gCNEi20251217171715.jpeg)
