SMM Review And Forecast Of Spot Copper Market In Shandong

Published: Jun 26, 2023 15:33

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Spot premiums rose and then fell last week. Stockpiling driven by the Dragon Boat Festival and some processing companies worrying about further gains in spot quotes bolstered spot premiums slightly.

Last Wednesday, most downstream companies that had completed stockpiling refrained from purchasing against higher copper prices. Spot premiums dropped to 270 yuan/mt. This week, spot quotes in Shandong will inch lower amid high copper prices.

Market review

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