Yuguang Gold and Lead Group Mengungkapkan Hak Penambangan dan Kapasitas Produksi Tambang Ye Group

Menjelang perdagangan besok, harga tembaga mengalami koreksi pada sesi malam kemarin, mendorong sejumlah perusahaan hilir untuk aktif melakukan pembelian saat harga turun. Permintaan beli intraday meningkat signifikan. Setelah kargo berharga rendah terserap cepat, pemasok mulai menunjukkan keinginan untuk menahan harga, dan momentum penjualan dengan harga rendah pun melemah. Terkait struktur pasar, selisih harga antarbulan telah bergeser ke struktur backwardation, mengurangi minat jual di harga rendah dan memberikan dukungan bagi diskon spot. Di sisi pasokan, jendela impor sempat terbuka pada sesi malam, dan pasokan tambahan dari luar Tiongkok berpotensi menyusul. Secara keseluruhan, dengan dukungan struktur backwardation dan aksi beli saat harga turun dari pelaku hilir, kuotasi tembaga spot Shanghai terhadap kontrak tembaga SHFE 2607 diperkirakan masih akan diperdagangkan pada level diskon besok, dan diskon tersebut mungkin sedikit menyempit.

[SMM Shanghai spot copper] Tomorrow, following a pullback in copper prices during last night’s night session, some downstream enterprises actively bought the dip, driving a notable increase in intraday procurement demand. After low-priced cargo was quickly absorbed, suppliers showed signs of holding prices firm, weakening the momentum for subsequent low-price selling. Market structure, the inter-month spread has shifted to a backwardation structure, reducing the willingness to sell at low prices and supporting spot discounts. Supply side, during the night session, the import window briefly opened, potentially bringing in some overseas supply replenishment later. Overall, with combined support from the backwardation structure and downstream dip-buying, spot SHFE copper prices against the 2607 contract are expected to maintain discounts tomorrow, with the discount magnitude possibly narrowing slightly.