This week, the machine utilization rate in the enamelled wire industry rebounded by 0.86 percentage points WoW to...

[SMM Shanghai Spot Copper] Looking ahead to tomorrow, copper prices are expected to rise, leading to the fulfillment of some pricing orders. However, the brief recovery in market transactions fails to conceal the underlying weakness in demand. It is anticipated that premiums and discounts will remain flat tomorrow.

Spot prices of #1 copper cathode in North China against the front-month contract were at a discount of 170-130 yuan/mt today, with an average discount of 150 yuan/mt, up 10 yuan/mt from the previous trading day. Transaction prices ranged from 85,530-86,100 yuan/mt, with an average of 85,815 yuan/mt, up 665 yuan/mt from the previous trading day.

SMM Morning Meeting Minutes: LME copper opened at $10,652.5/mt overnight, fluctuated downward initially to touch a low of $10,615/mt, then copper prices gradually shifted upward, approaching the session's end to hit a high of $10,738.5/mt, and finally closed at $10,733/mt, up 0.79%, with trading volume reaching 21,000 lots and open interest at 326,000 lots. The most-traded SHFE copper contract 2512 opened at 85,550 yuan/mt overnight, dipped to 85,400 yuan/mt initially, then fluctuated upward to touch a high of 85,970 yuan/mt, and finally settled at 85,900 yuan/mt, up 0.55%, with trading volume at 44,000 lots and open interest at 214,000 lots.