SMM Analysis: Copper Prices Fluctuate Upwards, Suppliers Sell Amid Rallies

[SMM Analysis: Copper Prices Hover at High Levels, Suppliers Sell on Rallies]

This week, copper prices showed a fluctuating upward trend, with an overall increase of 1,400 yuan/mt. The price range of Guangdong bare bright copper was 70,300-70,500 yuan/mt, rising by 800 yuan/mt. After the Lantern Festival, cargo yards across various regions resumed normal shipping and receiving operations. At the beginning of the week, as copper prices pulled back, many suppliers holding secondary copper raw material were concerned about shrinking profits and actively sold off...