During the week, as delivery approached, Shanghai premiums continued to decline [SMM Shanghai Spot Market Weekly Review].

SMM April 18 News: This week, the premiums in Shanghai showed a downward trend, down 5 yuan/mt WoW from the weekly average price. As of Friday, the premium of the ordinary domestic brand against the 2505 contract was 170 yuan/mt, while the premium of the high-priced brand Shuangyan against the 2505 contract was 240 yuan/mt. In the first half of the week, as the near-month price spread gradually narrowed, traders' spot premium quotes in Shanghai declined accordingly. In the second half of the week, the market remained bearish on subsequent premiums, and traders continued to lower spot quotes to facilitate sales. Although futures prices fell mid-week, some downstream companies took advantage of this to make purchases, but overall, spot transactions in Shanghai this week showed mediocre performance. It is expected that Shanghai premiums may continue to weaken next week. 》Order to view SMM metal spot historical prices