Main sea freight index at Baltic Exchange remains steady at 870 points

[SMM Shanghai Spot Copper] Looking ahead to tomorrow, according to the Central Meteorological Observatory, this year's No. 9 typhoon "Bawei" has strengthened into a super typhoon. It is expected to approach the eastern sea areas of China around July 10, with a high probability of making landfall in east China. Affected by this, downstream copper semis processing plants in Jiangsu and Zhejiang are concerned that subsequent strong winds and rainstorms from the typhoon could disrupt logistics and production arrangements. They are therefore concentrating on advance stockpiling purchases, pushing up the overall center of Shanghai spot copper premiums. Observing supplier behavior, market transactions were active, and after low-priced cargoes were quickly absorbed, suppliers' willingness to hold prices firm further strengthened. Overall, under the combined effect of the concentrated release of typhoon stockpiling demand, suppliers holding prices firm, and continuous inventory destocking, Shanghai spot copper prices against the SHFE copper 2607 contract are expected to remain at a premium tomorrow, with the overall center continuing to edge up.

[SMM 황동 빌렛 속보] 전국 동 빌렛 기업을 대상으로 한 현장 조사 피드백에 따르면, 7월 업계 실적에 대한 시장 전망은 대체로 비관적입니다. 단기적인 개선 동력이 여전히 부족하며, 여러 부정적 요인이 계속 심화될 것입니다. SMM은 7월 중국 동 빌렛 생산업체의 종합 가동률이 전월 대비 2.44%포인트 하락한 43.65%를 기록하고, 전년 동기 대비로는 1.17%포인트 낮아질 것으로 예상합니다. 업계의 저조한 가동 추세는 이어질 전망입니다.