SMM Morning Summary: Copper Prices Fluctuate Strongly, Downstream Inventory Preparation Cautious Ahead of Festival

Publicado: Sep 11, 2024 09:23
【SMM Morning Meeting Summary: Copper Prices Maintain a Relatively Strong Fluctuation, and the Wait-and-See Sentiment of Downstream Inventory Preparation Increases Before the Festival】On September 10, the spot price of 1# electrolytic copper was quoted at a premium of 10 yuan/ton to 60 yuan/ton against the 2409 contract for the current month, with an average premium of 35 yuan/ton, down 10 yuan/ton from the previous day. In the morning session, due to the significant difference in quotations among holders and the shift to a BACK structure in the monthly spread, the wait-and-see sentiment of downstream inventory preparation increased, and most of the preparations yesterday were based on rigid demand...

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【SMM Morning Meeting Summary: Copper Prices Maintain a Relatively Stro - Shanghai Metals Market (SMM)