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Home / Metal News / SMM4 March 8 North China Copper spot Market Express

SMM4 March 8 North China Copper spot Market Express

Apr 8, 2020 17:42

Source:SMM

SMM, April 8: the current contract of electrolytic copper in North China today rose by 110 yuan / ton to 180 yuan / ton, and the transaction price was 40600 yuan / ton ~ 41080 / ton. Shanghai copper moved up from 40300 yuan / ton to 41000 yuan / ton, due to the increase of waste enterprises turning to electrolytic copper materials, copper traders have a strong willingness to raise prices, the price is 150 ~ 200 yuan / ton, smelter shipments, concentrated quotation in 100 ~ 150 yuan / ton. The overall deal is fine.

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The falling prices of coal and other energy sources have dragged down the metals prices across the board. The SS 2112 contract fell to 18,375 yuan/mt this morning and stabilised to stand at 19,005 yuan/mt at noon.

Oct 28, 2021 16:11

Analysis

Price Spread between Stainless Steel Spots and Futures Exceeds 2,000 yuan/mt as SS Contract Plunges

SMM Forecast: Copper Prices to Trend Lower in October amid Power Rationing

The production and new orders are expected to be affected by the intensifying power rationing in October.

Oct 11, 2021 17:40

SMM Insight SMM Comments

SMM Forecast: Copper Prices to Trend Lower in October amid Power Rationing

Copper Prices to Fluctuate Rangebound This Week, Upward Room for Spot Premiums to be Limited

Copper prices will continue to fluctuate rangebound in the short term. SHFE copper prices are expected to move between 68,500-71,000/mt this week, and LME copper will trade between $9,250-9,650/mt.

Sep 13, 2021 17:19

Analysis

Copper Prices to Fluctuate Rangebound This Week, Upward Room for Spot Premiums to be Limited

SMM Morning Comments (Jul 23): Shanghai base metals were mostly higher on dovish ECB comments

Shanghai base metals mostly cruised higher on Friday morning amid dovish comments from European Central Bank. Meanwhile, their counterparts on the LME traded mixed.

Jul 23, 2021 10:00

SMM Comments

SMM Morning Comments (Jul 23): Shanghai base metals were mostly higher on dovish ECB comments

SMM Evening Comments (Jul 19): Shanghai nonferrous metals ended mixed as investors monitored virus and digested OPEC deal

SHFE nonferrous metals closed mixed on Monday July 19 as markets digested the latest OPEC + announcement regarding oil production, and continued to brood on inflation and rising Covid-19 cases.

Jul 19, 2021 18:00

SMM Comments

SMM Evening Comments (Jul 19): Shanghai nonferrous metals ended mixed as investors monitored virus and digested OPEC deal

NDRC: To further release copper, aluminium, and zinc reserves, strictly penalise price bidding

NDRC will continue to follow the deployment of the executive meeting of the State Council, work with relevant departments to strengthen the monitoring and forecast of commodity prices, organise subsequent release of copper, aluminium, zinc and other national reserves, and pay close attention to abnormal market price fluctuations.

Jul 19, 2021 16:36

Industry

NDRC: To further release copper, aluminium, and zinc reserves, strictly penalise price bidding

SMM Evening Comments (Jul 16): Shanghai nonferrous metals rose across the board amid wider power curtailment

SHFE nonferrous metals all went up today as China’s power curtailment expanded to many regions, and US expectation of interest rate hikes intensified.

Jul 16, 2021 18:37

SMM Comments

SMM Evening Comments (Jul 16): Shanghai nonferrous metals rose across the board amid wider power curtailment

Shanghai bonded copper stocks fell 4,300 mt on week

SMM data showed that the stocks fell 4,300 mt from the prior week to 435,500 mt as of Friday July 16.

Jul 16, 2021 13:24

Analysis

Shanghai bonded copper stocks fell 4,300 mt on week

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Shanghai base metals traded mixed on Thursday morning as traders reacted to hotter-than-expected US and UK inflation figures and comments from Fed Chairman Jerome Powell. Meanwhile, their counterparts on the LME fell for the most part.

Jul 15, 2021 10:00

SMM Comments

SMM Morning Comments (Jul 15): Shanghai base metals were mixed as traders digested inflation data, Fed comments

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Shanghai base metals advanced across the board on Monday morning as investors continued to monitor the Covid situation regionally. Meanwhile, their counterparts on the LME also rose for the most part.

Jul 12, 2021 10:00

SMM Comments

SMM Morning Comments (Jul 12): Shanghai base metals rose across the board as investors watched regional Covid situation

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SMM4 March 8 North China Copper spot Market Express

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