Copper translation - Shanghai Metals Market

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[SMM Analysis] in September, copper pipe enterprises started to pick up more than expected, and the industrial concentration effect was significant.

According to SMM survey data, the operating rate of copper pipe enterprises in September was 78.06%, up 6.11 percentage points from the same period last year and 5.02 percentage points from the previous month. (research enterprises: 19, production capacity: 2.13 million tons)

06:49:52PM yesterday

Copper pipe; average operating rate;
[SMM Analysis] the Transformation of Shanghai Copper structure into Contango "Gold, Nine and Silver Ten" may not be beneficial to a good Market

Last week, the overall Shanghai copper disk structure was basically maintained at a small Back, but after entering this week, the structure began to turn to near-weak and far-strong Contango, and the near-and far-monthly contract price spread widened, from 10 yuan to about 40 yuan, and even a maximum price difference of about 70 yuan.

06:27:22PM yesterday

Price forecast inventory import and export
[SMM Analysis] in September, copper pipe enterprises started to pick up more than expected, and the industrial concentration effect was significant.

[SMM Analysis] in September, copper pipe enterprises started to pick up more than expected, and the industrial concentration effect was significant.

According to SMM survey data, the operating rate of copper pipe enterprises in September was 78.06%, up 6.11 percentage points from the same period last year and 5.02 percentage points from the previous month. (research enterprises: 19, production capacity: 2.13 million tons)

06:49:52PM yesterday

Copper pipe; average operating rate;
[SMM Analysis] the Transformation of Shanghai Copper structure into Contango "Gold, Nine and Silver Ten" may not be beneficial to a good Market

[SMM Analysis] the Transformation of Shanghai Copper structure into Contango "Gold, Nine and Silver Ten" may not be beneficial to a good Market

Last week, the overall Shanghai copper disk structure was basically maintained at a small Back, but after entering this week, the structure began to turn to near-weak and far-strong Contango, and the near-and far-monthly contract price spread widened, from 10 yuan to about 40 yuan, and even a maximum price difference of about 70 yuan.

06:27:22PM yesterday

Price forecast inventory import and export