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SMM April 1
Today at 11:30, the futures closing price was 80,100 yuan/mt, up 40 yuan/mt from the previous trading day. The average spot premiums/discounts were 30 yuan/mt, up 20 yuan/mt from the previous trading day. Today, the price of secondary copper raw material remained unchanged MoM. The price of bare bright copper in Guangdong was 73,800-74,000 yuan/mt, unchanged from the previous trading day. The price difference between copper cathode and copper scrap was 1,513 yuan/mt, up 60 yuan/mt MoM. The price difference between copper cathode rod and secondary copper rod was 1,150 yuan/mt. According to the SMM survey, copper prices fluctuated during the day, and the quotations from secondary copper rod enterprises showed no significant change compared to yesterday. Downstream orders recovered slowly, and overall transactions were flat.
