Os dados de emprego não agrícola dos EUA superaram as expectativas, o índice do dólar disparou, os preços do cobre caíram sob pressão e os descontos à vista se estreitaram.

[SMM SHFE Copper Spot] Looking ahead to tomorrow, last Friday (June 5) the US May non-farm payrolls data significantly exceeded expectations, and the March and April non-farm payrolls figures were revised upward. Market expectations for a US Fed interest rate hike this year intensified, pushing the US dollar index back above the 100 mark and exerting notable pressure on copper prices. According to SMM, after the copper price decline, end-user dip-buying sentiment recovered, with active pricing and orders significantly increasing compared with last Friday, boosting overall market trading activity. Meanwhile, suppliers’ willingness to sell at low prices weakened, and today’s spot discount for SHFE copper narrowed markedly from earlier levels. From the perspective of delivery dynamics, next week is the delivery week for the SHFE copper 2606 contract. As delivery approaches, suppliers are more inclined to ship to delivery warehouses, which is likely to further tighten the availability of low-priced cargo and provide support for the spot discount. The spot discount is expected to continue narrowing before delivery.

[Mercado à vista de cátodo de cobre da SMM no Norte da China] Com a queda dos preços do cobre, a demanda a jusante por cátodo de cobre foi impulsionada; hoje, os prêmios à vista médios para o cátodo de cobre na região Norte da China da SMM subiram 60 yuans por tonelada métrica, e a atividade de negociação do mercado mostrou uma recuperação.