Copper Spot Market Turns Bearish as Premiums Decline Amid Sluggish Demand

게시됨: Oct 22, 2024 12:23
[SMM Copper Spot] During the day, mainstream flat-water copper was quoted at a discount of 100 yuan/ton to 60 yuan/ton against the contract for the current month, while high-quality copper was quoted at a discount of 60 yuan/ton to 40 yuan/ton. Market consumption was sluggish during the day, and the sentiment of the peak season faded significantly after mid-October. Although copper prices fell overnight, the orders of holders did not improve significantly. The spot market once again turned into a buyer's market. It is expected that the premium will continue to fall tomorrow.

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