Electrode Prices Temporarily Stabilised this Week

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After the SHFE front-month copper contract delivery last week, spot premiums for copper in north China rose initially and then declining, with an overall upward trend. By last Friday, spot copper traded with discounts of 120 yuan/mt to premiums of 60 yuan/mt, with an average discount of 30 yuan/mt, marking a 120 yuan/mt increase compared to the previous Friday.

SHANGHAI, Jun 5 (SMM) –The prices of ADC12 secondary aluminium alloy rose 150 yuan/mt from a week ago to 18,650 yuan/mt as of last Friday.

SHANGHAI, Jun 5 (SMM) – SMM battery-grade lithium carbonate prices were 282,000-313,000 yuan/mt as of May 30, with the average price up 2,500 yuan/mt from the previous trading day to 297,500 yuan/mt. 

SHANGHAI, Jun 5 (SMM) – The 10th round of coke price cuts slightly boosted the demand for lumps.

SHANGHAI, Jun 5 (SMM) – Although many places were affected by high temperature or rain last week, the apparent demand for building materials increased significantly.

SHANGHAI, Jun 5 (SMM) –The most-traded SHFE 2307 aluminium contract opened at 18,480 yuan/mt at last Friday’s night session, with its low and high at 18,370 yuan/mt and 18,520 yuan/mt before closing at 18,385 yuan/mt, down 95 yuan/mt, or 0.51%.

The premiums in Guangdong fluctuated around 200 yuan/mt last week due to falling inventories. As of last Friday, the spot premiums for high-quality copper dipped 20 yuan/mt from a week ago to 210 yuan/mt, and the premiums for standard-quality copper stood at 200 yuan/mt, flat from a week ago. Hydro-copper was quoted with premiums of 140 yuan/mt, a decline of 10 yuan/mt from a week ago.

Petroleum coke quotes generally stood stable this week.