Copper Spot Premiums Surge on Tight Supply, Trading Robust: SMM

게시됨: Sep 24, 2024 11:48
[SMM Copper Spot] During the day, mainstream flat-water copper was quoted at a premium of RMB 130-150/ton against the current month contract, while high-quality copper was quoted at a premium of RMB 150-170/ton. According to SMM, the inflow of imported copper in the week has decreased compared to the previous period. Given the short-term tight domestic supply, holders of copper have shown a notable sentiment of holding prices high before selling. Downstream buyers actively sought for supplies, leading to robust trading in the market during the day. It is expected that spot premiums will continue to rise tomorrow.

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[SMM Copper Spot] During the day, mainstream flat-water copper was quo - Shanghai Metals Market (SMM)