You are here: News > Price Review & Forecast > Copper > Why is High Premium of SHFE Electrolytic Copper Remaining So Firm?

Why is High Premium of SHFE Electrolytic Copper Remaining So Firm?

Price Review & Forecast 09:00AM Oct 12, 2017 Source:SMM

SHANGHAI, Oct. 12 (SMM)-After the holiday, the premium of SHFE electrolytic copper continues to rise up, reaching about 300 on Oct.12th. SMM think it is mainly caused by two reasons. 1. Traders are restocking after inventory clearance before holiday and downstream companies are restocking as per needs for orders demand. Despite less enthusiasm for purchasing compared with pre-holiday, it is in progression. 2. Stock holders are optimistic about restocking demand and the market tendency, plus limit amount of imported copper into the market, which promotes the emotion of being reluctant to sell out. Circulated stock are becoming tight. As per SMM researches, most stock holders in Shanghai are optimistic about the high premium at the delivery.


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

Key Words:  copper   premium