Chinese Stainless steel scrap prices gain on 9th June, 2015

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 19 Aug , 2026

[Lundin Hit by Winter Storm Again, Caserones Full-Year Copper Production Guidance Lowered by 10kt] Lundin Mining lowered its 2026 copper production guidance for the Caserones mine by 10kt to 120,000-130,000mt and raised its cash cost guidance, as a second winter storm in Chile's Atacama region again disrupted power supply and production resumption efforts at the mine. The company also cut its full-year consolidated copper production guidance to 300,000-325,000mt. This disruption, combined with weaker overall copper production in Chile, has intensified market attention on the pace of copper ore supply recovery in H2.

[SMM Shanghai Spot Copper] Tomorrow, the price center of the SHFE copper 2609 contract is expected to move notably lower during the day from the previous trading day, driving the release of downstream dip-buying demand, and purchase sentiment in Shanghai is expected to rebound markedly. SMM has learned that orders for some downstream enterprises have improved notably WoW, and their purchase willingness for copper cathode has strengthened accordingly, with market trading activity picking up somewhat. However, some warrant cargo has gradually flowed into the spot market, increasing the available supply. Suppliers have been continuously lowering their quotes to facilitate transactions, and the downstream's bargaining willingness has been evident, weighing on spot premiums. Meanwhile, the available supply of high-quality copper remains scarce, and the backwardation spread has widened, still providing some support for quotes of certain brands. Overall, under the combined effect of the copper price pullback boosting demand improvement but the outflow of warrant cargo replenishing spot supply, Shanghai spot copper prices against the 2609 contract are expected to maintain a premium tomorrow.