SMM Tells Why Deadlock Persists in Shanghai Imported Copper Market

Telah Terbit: Jul 18, 2017 13:20

Simpan

The deadlock continued between sellers and buyers in Shanghai bonded zone copper market last week, with wait-and-see sentiment still strong, SMM learned.

SHANGHAI, Jul. 18 (SMM) – The deadlock continued between sellers and buyers in Shanghai bonded zone copper market last week, with wait-and-see sentiment still strong, SMM learned.

On the one hand, contango on the LME narrowed to around $ 6/tonne, bringing some pressure to sellers. However, no heavy selloffs were reported since many traders expect contango to return to around $ 10/tonne.

Is CSPT’s Floor Price for Q3 Copper Concentrate Spot TCs Simply Symbolic? SMM Reports

On the other hand, high premiums for warrant goods, the off-season and unfavorable SHFE/LME copper price ratio dampened buying interest.

As of July 14, Yangshan copper premiums were $ 62-72/tonne, SMM data showed.

SMM expects wait-and-see sentiment to still prevail this week.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

yangshan copper premiums

Pernyataan Sumber Data: Kecuali informasi yang tersedia untuk publik, semua data lainnya diproses oleh SMM berdasarkan informasi publik, komunikasi pasar, dan mengandalkan model database internal SMM. Hanya untuk referensi dan tidak menjadi rekomendasi pengambilan keputusan.

Untuk pertanyaan atau informasi lebih lanjut, silakan hubungi: lemonzhao@smm.cn

Untuk informasi lebih lanjut tentang cara mengakses laporan penelitian kami, hubungi:service.en@smm.cn

Berita Terkait

8 menit yang lalu

Off-Season Trading Remained Sluggish, Spot Discounts in North China Widened Significantly [SMM North China Spot Copper Cathode Weekly Review]

Baca Selengkapnya

Off-Season Trading Remained Sluggish, Spot Discounts in North China Widened Significantly [SMM North China Spot Copper Cathode Weekly Review]

8 menit yang lalu

26 menit yang lalu

Copper Price Center Moved Down, End-User Wait-and-See Sentiment Remained Strong [SMM Copper Morning Meeting Minutes]

Baca Selengkapnya

Copper Price Center Moved Down, End-User Wait-and-See Sentiment Remained Strong [SMM Copper Morning Meeting Minutes]

SMM Morning Meeting Summary: Overnight, LME copper opened at $14,071/mt, dipped to a low of $14,066/mt in early trading, then saw its price center drift higher to touch $14,151.5/mt before closing at $14,135.5/mt, up 0.18%. Trading volume reached 20,000 lots, with open interest at 266,000 lots, up 2,423 lots from the previous trading day, reflecting an increase in long positions. Overnight, the most-traded SHFE copper 2609 contract opened at 107,930 yuan/mt, initially rose to 107,990 yuan/mt, then saw its price center move straight down to touch a low of 107,660 yuan/mt, and subsequently swung wildly before closing at 107,790 yuan/mt, down 0.03%. Trading volume reached 28,000 lots, with open interest at 206,000 lots, down 3,254 lots from the previous trading day, reflecting long liquidation.

26 menit yang lalu

37 menit yang lalu

Tembaga LME ditutup menguat sementara tembaga SHFE melemah tipis, harga tembaga bergerak mendatar [Komentar Pagi Tembaga SMM]

Baca Selengkapnya

Tembaga LME ditutup menguat sementara tembaga SHFE melemah tipis, harga tembaga bergerak mendatar [Komentar Pagi Tembaga SMM]

37 menit yang lalu

Berita Terkait

Off-Season Trading Remained Sluggish, Spot Discounts in North China Widened Significantly [SMM North China Spot Copper Cathode Weekly Review]

Aug 14, 2026 09:28

Copper Price Center Moved Down, End-User Wait-and-See Sentiment Remained Strong [SMM Copper Morning Meeting Minutes]

Aug 14, 2026 09:10

Tembaga LME ditutup menguat sementara tembaga SHFE melemah tipis, harga tembaga bergerak mendatar [Komentar Pagi Tembaga SMM]

Aug 14, 2026 08:58

Pejabat The Fed Berselisih Secara Terbuka soal Langkah Kebijakan Moneter Selanjutnya di Tengah Kekhawatiran Inflasi

Aug 14, 2026 02:39