SMM Yangshan Copper Premiums Reach This Year’s Peak

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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