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Home / Metal News / Growing Copper Supply in Guangdong Reverse Premiums into Discounts, SMM Reports

Growing Copper Supply in Guangdong Reverse Premiums into Discounts, SMM Reports

Aug 30, 2017 17:10

Source:SMM

Growing copper supply in Guangdong reversed local spot premiums into discounts.

SHANGHAI, Aug. 30 (SMM) –Growing copper supply in Guangdong reversed local spot premiums into discounts.

LME Copper Stocks Record Biggest Fall in Over Decade

As of August 30, copper stocks in Guangdong totaled 28,700 tonnes, up some 10,000 tonnes from August 25.

Copper Stocks Grow in Shanghai Bonded Zone, SMM Says

One smelter resumed shipments. Moreover, one large copper processor entered maintenance, hurting demand. These pushed stocks up, SMM explained.

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

guangdong copper stocks

copper prices

For queries, please contact William Gu at williamgu@smm.cn

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

SHFE 1706 copper opened lower at RMB 46,430/mt and closed at RMB 45,850/mt, down RMB 760/mt.

Apr 18, 2017 17:33

SMM Comments

SHFE Copper Finishes with Losses (2017-4-18)

LME Copper to See Range-Bound Trading (2017-4-13)

LME copper will trade at USD 5,600-5,650/mt on Thursday and SHFE 1706 copper will move at RMB 45,500-45,900/mt.

Apr 13, 2017 09:29

SMM Comments

LME Copper to See Range-Bound Trading (2017-4-13)

SHFE Copper Ends with Losses (2017-4-10)

SHFE 1705 copper opened at RMB 47,380/mt and closed at RMB 47,050/mt, down RMB 590/mt.

Apr 10, 2017 17:01

SMM Comments

SHFE Copper Ends with Losses (2017-4-10)

China Copper Cathode Output Goes Up in March, and to Decline in April, SMM Surveys

China’s copper cathode output expanded 1.18% MoM to 642,000 tonnes in March but dropped 0.47% YoY and that totaled at 1.91 million tonnes in the first three months of 2017, up 2.11% YoY.

Apr 10, 2017 10:48

SMM Insight

China Copper Cathode Output Goes Up in March, and to Decline in April, SMM Surveys

North American copper scrap prices record marginal decline on Index on 6th April, 2017

The North American copper scrap prices edged marginally lower on ScrapMonster Price Index as on April 6th, Thursday.

Apr 7, 2017 13:34

Industry

North American copper scrap prices record marginal decline on Index on 6th April, 2017

Peruvian Copper Output to Grow to 3.10 Mln tonnes by 2021

Peruvian Energy & Mines minister said the country will step up copper production, and by the year 2021, copper production will reach 3.10 million tonnes, wenhua.com reported.

Apr 6, 2017 09:57

Industry Reminder

Peruvian Copper Output to Grow to 3.10 Mln tonnes by 2021

LME Copper to See Range-Bound Trading (2017-3-31)

LME copper will trade at USD 5,860-5,910/mt on Friday and SHFE 1705 copper will move at RMB 47,450-47,850/mt.

Mar 31, 2017 09:32

SMM Comments

LME Copper to See Range-Bound Trading (2017-3-31)

LME Copper to Move Lower (2016-9-14)

LME copper should range between USD 4,635-4,675/mt on Wednesday with resistance at the 20-day moving average and SHFE 1611 copper will fluctuate at RMB 36,450-36,700/mt.

Sep 14, 2016 09:48

SMM Comments

SHFE Copper Ends with Losses (2016-8-23)

SHFE 1610 copper started at RMB 37,100/mt and then advanced to RMB 37,180/mt before closing at RMB 37,120/mt, down RMB 130/mt.

Aug 23, 2016 17:12

SMM Comments

What Factor behind Surge in LME Copper Inventories, and What Impact on Copper Prices? SMM Reports

LME copper inventories soared by 18,750 tonnes or 8.9 per cent to 229,375 tonnes on Aug. 22, the biggest increase since Jul. 6. The surge triggered market worries over copper consumption.

Aug 23, 2016 11:18

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Growing Copper Supply in Guangdong Reverse Premiums into Discounts, SMM Reports

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