According to data from the General Administration of Customs, domestic copper plate/sheet and strip exports reached 10,741 mt in April 2025, up 1.87% MoM and 19.84% YoY. As of April, cumulative copper plate/sheet and strip exports from China totaled 39,166 mt, up 6.86% YoY.

According to data from the General Administration of Customs, domestic copper plate/sheet and strip exports reached 10,741 mt in April 2025, up 1.87% MoM and up 19.84% YoY. As of April, cumulative copper plate/sheet and strip exports from China totaled 39,166 mt, with cumulative...

Today, spot #1 copper cathode in North China was trading at a discount of 140 yuan/mt to parity against the front-month contract, with an average discount of 70 yuan/mt, a decrease of 70 yuan/mt from the previous trading day. The transaction prices ranged from 77,720 to 78,040 yuan/mt, with an average price of 77,880 yuan/mt, down 305 yuan/mt from the previous trading day.

[SMM spot copper] Tomorrow is Friday. Currently, low-priced cargoes have been largely purchased, and the reduction of warrants is evident. However, the inventory in warehouses has not decreased as expected. It is anticipated that the center of the premium will still struggle to rebound significantly tomorrow.

[SMM Morning Meeting Summary: Premiums Decline, Downstream Purchasing Sentiment Improves] On May 21, spot prices of SMM #1 copper cathode against the 2506 contract for the current month were quoted at a premium of 200-350 yuan/mt, with an average quoted premium of 275 yuan/mt, down 115 yuan/mt MoM. Selling sentiment declined to 3.12 yesterday, primarily because some smelters did not directly sell their products. The market was dominated by low-price selling by import traders and traders holding warrants...

Overnight, LME copper opened at $9,542.5/mt, rose initially and peaked at $9,567/mt, then fluctuated downward throughout the session, dipping to a low of $9,487/mt near the close, and finally closed at $9,487/mt, down 0.71%.