SMM Copper Morning Briefing: Tight Spot Supply, Downward Pressure on Premiums, and US Dollar Index Impact on Prices

Published: May 27, 2025 08:49

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SMM Copper Morning Briefing: On the fundamental side, there is not much spot cargo available in the market overall, and spot premiums remain firm. It is expected that there will be imported arrivals today, and importers' selling for cash will continue to put pressure on spot premiums, which are expected to face downward pressure today. Overall, as tariff negotiations between the US, Japan, Europe, and other regions progress, Trump's comprehensive spending and tax cut bills continue to weigh on the US dollar index. It is expected that copper prices will still find support at the bottom today.

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