[SMM Price] April 28 Guangdong Copper spot Market rose in each period (the third period)

Published: Apr 28, 2020 10:57

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Data: SHFE, DCE market movement (May 12)
14 mins ago
Data: SHFE, DCE market movement (May 12)
Read More
Data: SHFE, DCE market movement (May 12)
Data: SHFE, DCE market movement (May 12)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 12 May , 2026
14 mins ago
The 4th China (Jiangxi) International Non-ferrous Metals and Metallurgical Industry Exhibition 2027
59 mins ago
The 4th China (Jiangxi) International Non-ferrous Metals and Metallurgical Industry Exhibition 2027
Read More
The 4th China (Jiangxi) International Non-ferrous Metals and Metallurgical Industry Exhibition 2027
The 4th China (Jiangxi) International Non-ferrous Metals and Metallurgical Industry Exhibition 2027
59 mins ago
Peru's Energy Crisis Pushes Copper Prices Higher; SHFE Copper Spot Discounts Under Pressure but Approaching Delivery Provides Support [SMM Shanghai Spot Copper]
2 hours ago
Peru's Energy Crisis Pushes Copper Prices Higher; SHFE Copper Spot Discounts Under Pressure but Approaching Delivery Provides Support [SMM Shanghai Spot Copper]
Read More
Peru's Energy Crisis Pushes Copper Prices Higher; SHFE Copper Spot Discounts Under Pressure but Approaching Delivery Provides Support [SMM Shanghai Spot Copper]
Peru's Energy Crisis Pushes Copper Prices Higher; SHFE Copper Spot Discounts Under Pressure but Approaching Delivery Provides Support [SMM Shanghai Spot Copper]
[SMM Shanghai Spot Copper] Looking ahead to tomorrow, Peru's energy crisis has raised market concerns over copper ore supply. Copper prices surged significantly during the night session, and end-users' acceptance of the current high copper prices and spot discounts has declined. According to SMM, downstream orders dropped sharply during the day, with purchasing sentiment subdued and dominated by rigid demand. In terms of market performance, suppliers continuously lowered their offers, and spot cargo has shifted from premiums to discounts, with the discount margin widening. However, Friday marks the last trading day of the SHFE copper 2605 contract. As delivery approaches, spot discounts are widening under the Contango price spread structure, and suppliers' willingness to ship to delivery warehouses is increasing. The delivery logic is expected to provide bottom support for spot discounts, limiting further downside room.
2 hours ago
[SMM Price] April 28 Guangdong Copper spot Market rose in each period (the third period) - Shanghai Metals Market (SMM)