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Home / Metal News / Spot Premiums in Shanghai Copper Market to Fall Further if Import Window Remains Open, SMM Expects
Spot Premiums in Shanghai Copper Market to Fall Further if Import Window Remains Open, SMM Expects
Oct 18, 2017 10:44Source:SMM
More imported copper flooded into Shanghai spot market yesterday as import profit window has opened.
SHANGHAI, Oct. 18 (SMM) – More imported copper flooded into Shanghai spot market yesterday as import profit window has opened.
This, plus a surge in SHFE copper prices, left suppliers eager to sell. Downstream producers turned away from higher prices.
Hence, spot premiums narrowed.
There is still room for spot premiums to shrink if import profit window remains open, SMM predicts.
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Spot Premiums
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