Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
DashboardDatabaseProReportsEventsConsulting
Download our mobile app to
your devices
Brisk trades raise imported copper premiums
Brisk spot transactions drove up premiums of imported copper over LME copper prices as of Aug 15
SHANGHAI, Aug 15 (SMM) – Brisk spot transactions drove up premiums of imported copper over LME copper prices as of Wednesday August 15. Some 100 yuan/mt of import earnings buoyed trades.
This came after the import window opened on Monday August 13 as the US dollar strengthened. The SHFE 1810 contract/LME copper price ratio climbed to 8.13 as of August 15. LME spot copper discounts widened to $30/mt on August 15, SMM learned.
Both offers of warehouses warrants and cif premiums for imported cargoes increased in the week to Wednesday. Average offers this week as of August 15 stood at a premium of $72-85/mt over LME copper, compared with premiums of $70-80/mt last week. SMM expects premiums to extend their gains this week.
Market commentary
Spot copper
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
Robust copper futures weighed on thin year-end spot trades
SMM expects spot copper trades to remain muted in the run-up to Chinese New Year holiday
Dec 25, 2019 13:46
Spot copper offers failed to stay at premiums amid cautious buyers
Downstream demand came less strong than expected on the back of elevated copper futures
Dec 17, 2019 13:56Robust copper futures depressed spot premiums and trades
SMM sees further downsides in spot offers, which may flip to discounts across the board
Dec 10, 2019 14:09
Lower futures prices bolster spot copper trades
Procurement by traders for the delivery of long-term contracts remained dominant
Aug 21, 2019 14:02
SMM Events & Webinars
All- Oct09
NET ZERO EUROPE - Solar & Energy Storage Summit
Oct 09 - 10,2024THE EGG BRUSSELS, BELGIUM
- Oct08
2nd Li-ion Battery Europe 2024
Oct 08 - 10,2024THE EGG BRUSSELS, BELGIUM
- Jun24
2024 Global Renewable Metal Industry Chain Summit
Jun 24 - 25,2024To foster international cooperation and dialogue among industry colleaguesKuala Lumpur , Malaysia
Shanghai Metals Market
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.
