Market Trading Remains Weak, Premiums Continue at Low Levels [SMM Ningbo Spot Weekly Review]

게시됨: Mar 28, 2025 15:50
【Weak Market Activity with Low Premiums】: This week, prices in the Shanghai area remained low, down 10 yuan/mt WoW. As of Friday, the premium of ordinary domestic brands against the 2504 contract ranged from a discount of 10 yuan/mt to a premium of 10 yuan/mt, while the premium of the high-end brand Shuangyan against the 2504 contract was 60 yuan/mt.
SMM March 28 News: This week, Shanghai quotations remained low, down 10 yuan/mt WoW. As of Friday, ordinary domestic brands were quoted at a discount of 10 yuan/mt to a premium of 10 yuan/mt against the 2504 contract, while the premium brand Shuangyan was quoted at a premium of 60 yuan/mt against the 2504 contract. At the beginning of the week, the futures market rose significantly, downstream sentiment turned cautious again, purchase inquiries were average, market trading remained weak, and some traders lowered spot quotations due to poor sales. Although the futures market pulled back at the end of the week, downstream continued to be bearish, spot transactions improved limitedly, and premiums also did not see a significant increase. Spot premiums are expected to maintain a fluctuating trend next week. 》Order to view SMM metal spot historical prices

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Market Trading Remains Weak, Premiums Continue at Low Levels [SMM Ningbo Spot Weekly Review] - Shanghai Metals Market (SMM)