퀘벡， 호른 제련소 운영 지원 법안 통과， 글렌코어 환경 투자 재개 허용

[SMM Shanghai Spot Copper] Looking ahead to tomorrow, SHFE copper prices are expected to rise intraday and remain at a relatively high level. Coupled with the futures contract rollover, trading activity is likely to be muted, reflecting that the current price level is significantly suppressing real demand. After the rollover, the market will officially price around the 2607 contract, and close attention should be paid to the outflow of unmatched warrants. However, open interest for the SHFE copper 2606 contract currently stands at approximately 5,500 lots, indicating limited delivery participation. The concentrated release of warrants is therefore expected to exert relatively limited additional pressure on spot discounts. Supported by delivery-related dynamics, Shanghai spot copper discounts did not see a sharp decline. But if copper prices remain at current highs and demand fails to improve effectively, spot premiums may come under downward pressure.

[SMM 북중국 동 음극 시장] 장중 구리 가격이 반등하였고, 하류 신규 주문은 둔화세를 보였다. 그러나 구리 반제품 하류 업체들이 이전 구리 가격 약세 이후 주문을 점차 이행함에 따라, 오늘 기업들은 구리 음극 원자재 재고 보충을 위해 물품을 인수하였다.