SMM Forecast of Copper Semis Import and Export in March

Published: Mar 17, 2023 14:05

Source: SMM

Save

Looking forward to March, domestic consumption has entered the peak season.

SHANGHAI, Mar 17 (SMM) - Looking forward to March, domestic consumption has entered the peak season. With the government vigorously promoting consumption, domestic demand will increase in March, which will drive an increase in imports. However, the recovery of overseas consumption would be slow, thus the export volume is expected to remain at a low level and will not increase significantly.

Import/Export

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

2 mins ago

Kazakhstan's Copper Cathode Production Declined in January-February, Overnight LME Copper and SHFE Copper Closed Sharply Lower [SMM Copper Morning Meeting Summary]

SMM Morning Meeting Summary: Overnight, LME copper opened at $12,714.5/mt and climbed to $12,715/mt at the start of the session. Copper prices then saw the center move straight downward, before fluctuating rangebound and eventually closing at $12,340/mt, down 3.44%. Trading volume reached 33,600 lots, and open interest stood at 288,300 lots, down 4,872 lots from the previous trading day, mainly due to long position liquidation. Overnight, the most-traded SHFE copper 2605 contract opened at and touched a high of 98,000 yuan/mt, after which the center of copper prices moved straight downward to a low of 95,920 yuan/mt, then fluctuated upward and finally closed at 96,340 yuan/mt, down 2.58%. Trading volume reached 103,000 lots, and open interest stood at 198,000 lots, up 9,911 lots from the previous trading day, mainly due to increased short positions.

2 mins ago

17 hours ago

Data: SHFE, DCE market movement (Mar 18)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 18 Mar , 2026

17 hours ago

Rio Tinto Gains Control of Arizona Acreage for Resolution Copper Mine Despite Native American Opposition

Rio Tinto (ASX: RIO) said on Monday it has gained control of acreage in Arizona needed to build the Resolution Copper mine, a project slated to become one of the largest US sources of the critical mineral but one that Native Americans have opposed for more than 20 years.

17 hours ago