Shanghai Metals Market

On the last trading day, spot copper transactions on the SHFE were sluggish, and it is expected that the discount quotation will persist tomorrow. [SMM Shanghai Spot Copper]

SMM Shanghai Spot Copper] Looking ahead to tomorrow, the current inventory in the Shanghai area has only increased slightly, indicating limited supply from both domestic production and imports. It is ...
Shanghai Metals Market

Copper Prices Plunge, Downstream Restocking Increases, Spot Premiums Rise [SMM South China Spot Copper]

Today, spot #1 copper cathode in Guangdong traded at premiums of 100-180 yuan/mt against the front-month contract, with the average premium at 140 yuan/mt, up 45 yuan/mt from the previous trading day.
Shanghai Metals Market

[SMM Nickel Midday Review] Nickel prices fell sharply on December 15, while the value added of industrial enterprises above the designated size increased by 4.8% YoY in November.

Data from the National Bureau of Statistics (NBS) showed that in November, the value-added of industrial enterprises above the designated size increased by 4.8% YoY in real terms. On a MoM basis, the ...
Shanghai Metals Market

On the delivery day, copper prices pulled back, and market activity slightly rebounded [SMM North China spot copper]

Spot prices of #1 copper cathode against the front-month contract in North China today were at a discount of 240-200 yuan/mt, averaging a discount of 220 yuan/mt, up 60 yuan/mt from the previous ...