SMM Yangshan Copper Premiums Reach This Year’s Peak

Published: Aug 8, 2017 12:46

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SMM Yangshan copper premiums have reached the highest level so far this year and are even higher than this year’s term premiums.

SHANGHAI, Aug. 8 (SMM) – SMM Yangshan copper premiums have reached the highest level so far this year and are even higher than this year’s term premiums.

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Copper traders in Shanghai bonded zone held back from selling, which tightened supply and kept Yangshan copper premiums at highs.

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In the short term, if contango on the LME narrows only slightly, premiums will still hover at highs, SMM expects.

SMM Yangshan copper premiums were stable at $ 67-77/tonne in the week ending August 4.

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Yangshan copper premiums

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