[SHFE Copper Spot] Both buying and selling sentiment improved during the day. In Shanghai, the purchasing sentiment for copper cathode was 3.17, and the selling sentiment was 3.18. Looking ahead to tomorrow, with domestic production continuing to enter the warehouse and under the drag of low-priced imported sources, SHFE copper spot premiums are expected to fall further. However, as tomorrow is Friday, downstream purchasing sentiment is expected to remain firm, limiting the decline in SHFE copper spot premiums.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.