The trading situation in the spot market for copper concentrates exhibits significant fluctuations, with trading volume and market sentiment fluctuating between highs and lows. This instability poses significant challenges to the operational decision-making of enterprises within the industry chain. To better serve participants in the spot market for copper concentrates, the SMM copper research team, based on professional market research experience, has developed a Copper Concentrates Spot Trading Sentiment Index after long-term data accumulation and repeated validation, building on the original SMM Copper Concentrates Index methodology. This index constructs a multi-dimensional quantitative model that comprehensively considers various market factors such as spot trading volume, quote activity, and the willingness of buyers and sellers, enabling an objective reflection of the true trading psychology of market participants. The SMM team updates this index at 12:00 PM on the last working day of each week, providing timely and accurate market sentiment references for enterprises within the industry chain, including smelters, traders, and mines. This innovative indicator not only possesses quantifiable and traceable characteristics but also serves as an early warning system for abnormal market fluctuations, assisting enterprises in making more scientific decisions in procurement, sales, and other aspects, thereby effectively mitigating market risks and seizing trading opportunities.
I. Data Highlights
1. Divergence in procurement and sales sentiment to better assess the ease of procurement and sales
Copper Concentrates Spot Sales Sentiment Index: Willingness to sell of mines and traders
Copper Concentrates Spot Procurement Sentiment Index: Procurement sentiment of smelters
2. Professional scoring with weighted weights
The analyst team conducts weekly targeted exchanges with enterprises, scoring procurement/sales intentions on a scale of 1-5 (1=only inquiry and offer activities; 5=active spot trading). Additionally, according to the SMM Copper Concentrates Index methodology, when the number of transactions in a week is greater than or equal to 5, SMM considers the spot market for copper concentrates to be active; when the number of transactions in a week is between 1 and 4, the spot market is relatively sluggish; if there are no transactions in a week, the spot market only has inquiry and offer activities.
3. Precise calculation to analyze spot market trends
The SMM copper research team derives procurement and sales sentiment through precise calculations and provides quantifiable procurement and sales indicators for the market, enabling a review and analysis of spot market trends.
II. Application Scenarios
Mines: Use the Copper Concentrates Spot Sales Sentiment Index to assess the ease of spot trading and whether there is a demand for purchase downstream.
Traders: Use the Copper Concentrates Spot Procurement Sentiment Index to gauge the enthusiasm of downstream purchase and the degree of raw material shortage.
Smelter: Assess the quantity of spot market offers and spot transaction status based on the sentiment index of copper concentrate spot sales to aid in determining the timing of spot procurement.
