Copper Prices Can Still Have Support from Consumption

Published: Mar 15, 2023 09:57

Source: SMM

Save

Although end-user demand is slowly recovering, fluctuations in copper prices will have a major impact on consumption increase.

SHANGHAI, Mar 15 - Although end-user demand is slowly recovering, fluctuations in copper prices will have a major impact on consumption increase.

The recent US banking crisis has hit copper prices. It is expected that with the market panic subsiding, the slow recovery of consumption will give support to copper prices.

SMM Market

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

47 mins ago

Data: SHFE, DCE market movement (May 07)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 07 May , 2026

47 mins ago

4 hours ago

Copper Prices Fluctuate at Highs, Shanghai Spot Copper Premiums Pull Back Under Pressure [SMM Shanghai Spot Copper]

[SMM Shanghai Spot Copper] Looking ahead to tomorrow, early session premium quotes were high, but market transactions failed to follow through. Suppliers proactively lowered their quotes in the second session, with the premium center shifting notably lower compared to the early session. This reflected that under current copper prices fluctuating at highs, downstream acceptance of high copper prices and spot premiums remained limited, with purchases driven mainly by rigid demand. Overall, amid the tug-of-war between suppliers' increasing willingness to sell and high prices suppressing demand, Shanghai spot copper prices against the 2605 contract are expected to maintain a premium tomorrow.

4 hours ago

5 hours ago

Copper Prices Center Shifted Upward, Downstream Buyers Mainly Made Just-in-Time Procurement [SMM North China Spot Copper]

Today, #1 copper cathode spot prices in North China against the front-month contract were reported at an average discount of 200 yuan/mt to a discount of 100 yuan/mt, with the average discount of 150 yuan/mt unchanged from the previous trading day. The average transaction price was 102,630 yuan/mt, up 350 yuan/mt from the previous trading day.

5 hours ago