Here’s Why Copper Spot Premiums Rise to Almost 5-Month High, SMM Reports

Published: Sep 15, 2017 11:59

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Spot premiums on copper were quoted at 100-140 yuan per tonne on September 15, the highest from April 21, according to SMM data.

SHANGHAI, Sept. 15 (SMM) - Spot premiums on copper were quoted at 100-140 yuan per tonne on September 15, the highest from April 21, according to SMM data.

What has pushed up copper spot premiums?

Morgan Stanley: Fundamentals Not Good Enough to Keep Copper Price above $6,600

Three reasons may explain this, SMM said.

SMM Releases Copper PMI in August and September Forecast

Copper futures prices plunged over the past few days, and expanded the price spread between spot and futures prices. Purchases by downstream buyers increased after the plunge in SHFE copper. Moreover, the delivery date is nearing.

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

Copper prices spot premiums copper demand LME copper prices SHFE copper prices copper ore

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

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