Data: SHFE, DCE market movement (Feb 28)

[SMM North China Copper Cathode Spot Market] During the week, demand for copper cathode in the market cooled as copper prices rebounded. However, supply in the northern market had previously been tight for a time, copper cathode inventory was not high, and downstream buyers picked up goods under long-term contracts during the week, giving suppliers some impetus to hold prices firm.

On March 23, the 150,000-ton annual electrolytic copper project undertaken by the Second Company of China No.15 Metallurgical Construction Group Co., Ltd. for Jiangxi Copper Hongyuan Copper Industry Co., Ltd. successfully produced a cumulative total of 1,300 tons of high-purity cathode copper, with product purity reaching 99.997%, exceeding the design value of 99.9935%.