RCs of Blister Copper In South China Will Fall In May

Publié: May 16, 2023 11:31
Source: SMM
Demand from smelters that undertook maintenance improved due to falling inventories. Meanwhile, copper scrap supply has decreased against falling copper prices between end-April and early May, narrowing the price spread between copper cathode and copper scrap.

Demand from smelters that undertook maintenance improved due to falling inventories. Meanwhile, copper scrap supply has decreased against falling copper prices between end-April and early May, narrowing the price spread between copper cathode and copper scrap.

As such, tighter blister copper supply in south China will lower RCs of blister copper in south China in May.

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RCs of Blister Copper In South China Will Fall In May - Shanghai Metals Market (SMM)