Wharfs in Pearl River Delta Region to Halt Works on Typhoon

[SMM Shanghai Spot Copper] Looking ahead to tomorrow, SMM recorded social inventory in Shanghai at 58,600 mt, down 2,500 mt WoW from Monday, while social inventory in Jiangsu stood at 20,800 mt, up 2,300 mt WoW from Monday, with overall social inventory showing a slight destocking. From a supply-demand fundamental perspective, a large volume of imported copper is expected to arrive later, which may exert phased pressure on spot premiums. Downstream enterprises have low acceptance of the current high premiums, but due to tight supply of mainstream circulating cargoes in Shanghai, spot premiums for SHFE copper first declined and then rose during the day. Spot premiums for SHFE copper are expected to remain at a relatively high level tomorrow, with downside room still limited.

구리 가격은 이번 주 하락세를 보이며 하류 수요 개선을 촉진했다. 현물 공급 부족으로 판매자의 가격 유지 의지가 더욱 강화되었다. 계약 월물 교체 후, 산둥 현물 전기동은 다시 프리미엄 구조로 전환되었다. 목요일 기준 평균 현물 프리미엄/할인은 톤당 +430위안으로 호가되었다.