[China Remains Peru's Largest Copper Exporter] According to a report on the BNAmericas website, driven by the mining sector, Peru's exports rebounded in Q1. Data from the Ministry of Foreign Trade and Tourism of Peru showed that copper, gold, and zinc were the main factors contributing to the growth in mineral exports. In February, affected by shrinking demand, Peru's copper exports decreased by 0.4% YoY. However, in March, Peru's copper export value reached $2.58 billion, up 24.7%; in Q1, the cumulative copper export value was $6.62 billion, up 23%. (Webstock Inc.)

[SMM Morning Meeting Summary: US Dollar Index Fluctuations, Coupled with Approaching Delivery, Keep Pressure on Copper Prices] On May 14, spot #1 copper cathode against the SHFE copper 2505 contract for the current month was quoted at a discount of 50 yuan/mt to parity, with an average price at a discount of 25 yuan/mt, down 15 yuan/mt from the previous trading day. Today is the last trading day for the SHFE copper 2505 contract. Based on the current spot discount of around 50 yuan/mt and the price spread between futures contracts (BACK) of 400 yuan/mt for the next month, spot traders are expected to quote a premium of over 350 yuan/mt against the SHFE copper 2506 contract. With copper prices remaining high, downstream procurement sentiment...

["[US dollar's V-shaped rebound suppresses copper prices' rebound; market awaits more tariff agreement conclusions] On the macro side, the US dollar index fell yesterday amid concerns about the economy. Later, according to market news, the US's trade tariff agreements with Japan, South Korea, and India were 'close to conclusion,' and the US would not seek a weak US dollar in tariff negotiations. The US dollar index rebounded after falling close to the 100-point mark, forming a V-shaped trend, causing copper prices to rise first and then fall overnight."]