[SMM Analysis] In recent years, the SMM #1 copper cathode premium and discount brands have primarily included traditional thick plates and high-quality brands from Chilean copper companies, such as Guixi, Jinchuan (plate), ENM, and CCC-P, which are mainly circulated in the Shanghai area. This differs from the SHFE's definition of premium copper eligible for a 50 yuan/mt premium delivery subsidy.
With the development of the industry and changes in market acceptance, SMM will incorporate the mainstream transaction prices of the "Jintun" brand into the SMM premium copper premium and discount price collection system on the first trading day of 2025 based on the following factual basis.
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