SMM Spot Copper: Discounts Widen Slightly Amid Increased Imports and Weak Demand; Rebound Expected Next Week

게시됨: Feb 21, 2025 12:47
[SMM Spot Copper] During the day, mainstream standard-quality copper was quoted at a discount of 140-120 yuan/mt against the front-month contract, while high-quality copper was quoted at a discount of 120-80 yuan/mt. A portion of imported copper flowed into the market during the day, coupled with weak downstream consumption, leading to a slight decline in spot premiums. The post-holiday inventory buildup in the domestic market has gradually decreased, and smelters have expanded their export layouts. Spot premiums are expected to rebound next week.

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