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SMM April 21
Today's futures closing price at 11:30 was 76,630 yuan/mt, up 490 yuan/mt from the previous trading day. The average spot premiums/discounts were 175 yuan/mt, up 45 yuan/mt from the previous trading day. Today, the price of secondary copper raw material rose by 100 yuan/mt MoM. The price of bare bright copper in Guangdong was 70,900-71,100 yuan/mt, up 100 yuan/mt MoM from the previous trading day. The price difference between copper cathode and copper scrap was 1,273 yuan/mt, up MoM. The price difference between copper cathode rod and secondary copper rod was 805 yuan/mt. According to the SMM survey, secondary copper rod enterprises reported that futures prices rose continuously after the afternoon session opened, and downstream enterprises suspended orders after two price adjustments, with moderate intraday trading.
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