Reabastecimiento y recogida de carga aguas abajo, la oferta del mercado disminuye [SMM Cobre al contado del norte de China]

SMM Morning Meeting Summary: Last Friday night, LME copper opened at $13,638.5/mt, consolidated at lows initially before its center moved higher, then touched a high of $13,681.5/mt. Afterwards, the copper price center fluctuated lower, dipping to $13,605.5/mt near the session’s end, and finally settled at $13,611.5/mt, up 0.34%. Trading volume was 12,600 lots, open interest was 248,000 lots, an increase of 728 lots from the previous trading day, driven by bullish position-building. Last Friday night, the most-traded SHFE copper 2609 contract opened at 104,600 yuan/mt, dipped to 104,540 yuan/mt right at the start, then its center rose to touch a high of 104,310 yuan/mt, before moving lower to finally settle at 104,630 yuan/mt, down 0.1%. Trading volume was 25,000 lots, open interest was 207,000 lots, a decrease of 3,481 lots from the previous trading day, reflecting bullish position reduction.

Durante la semana del 20 al 23 de julio, el mercado de chatarra de cobre operó bajo un triple trasfondo: inventarios bajos de cátodos de cobre y primas elevadas, continuas restricciones de cumplimiento por facturación inversa, y una profundización de la temporada baja por altas temperaturas. El precio de cierre del cobre SHFE a las 11:30 se disparó de 104.180 yuan/tm a 106.340 yuan/tm, y luego retrocedió ligeramente a 106.170 yuan/tm al cierre de la semana.