April 28 SMM copper spot price: the average price of SMM1# electrolytic copper fell 395 yuan / ton

Quotes of import premiums for warrants stood at $10-$30/mt today. The average price was $20/mt under warrants, which is stable compared with the last trading day.

Hundreds of workers working in Mount Polley copper concentrate near Williams Lake in Columbia, Britain are being recalled.

Today, the spot prices of all series of stainless steel products in Foshan stood flat today. The average price of the 300 series product was around 18,000 yuan/mt. The market received a large number of goods last week, while the demand failed to keep up. The downstream users continued to purchase on rigid demand after the prices rebounded slightly yesterday.

The most-traded SHFE aluminum contract opened at 21,190 yuan/mt, with the highest and lowest prices at 21,505 yuan/mt and 21,115 yuan/mt respectively, and closed at 21,450 yuan/mt in the overnight trading, up 350 yuan/mt or 1.51%.

Shanghai base metals mostly trended lower on Tuesday morning after US dollar rallied significantly. Meanwhile, their counterparts on LME performed similarly.

Shanghai nonferrous metals mostly closed in the positive territory as the market was cheered up by the macro front, as China released its December official manufacturing and non-manufacturing PMI readings, which topped market expectation.

Shanghai base metals basically trended lower amid a cautious market which expected the Fed to wrap up the bond purchasing program early than estimate. Meanwhile, their counterparts on LME mostly closed in the positive zone.

Shanghai base metals basically trended higher on Friday morning. Meanwhile, their counterparts on LME trended mixed.

China’s copper cathode output stood at 825,900 mt in November, up 4.6% month on month and 0.5% year on year

The average price of Ni 1.5% Philippine laterite nickel ore stood at $82/wmt last week, flat on the week.