Home / Metal News / Yangshan Copper Premiums Rise on Tightening Supply, SMM Says

Yangshan Copper Premiums Rise on Tightening Supply, SMM Says

iconJul 24, 2017 14:22
Source:SMM
Yangshan copper premiums rose last week and trading activity turned slightly active, SMM learned.

SHANGHAI, Jul. 24 (SMM) –Yangshan copper premiums rose last week and trading activity turned slightly active, SMM learned.

SHFE Copper Stocks to Rebound in Q3 from Growing China Production, SMM Warns

Contango on the LME expanded to above $ 30/tonne, leaving traders in no hurry to sell. This tightened supply slightly, allowing traders to ask for higher premiums. market turned relatively optimistic over copper consumption in H2 2017.

Blister Copper Shortage Affects Copper Output at China Ten Major Smelters, SMM Reports

SMM Yangshan copper premiums increased $ 5/tonne week-on-week to $ 63-77/tonne in the week ending July 21. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

Yangshan copper premiums
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news