SMM

[SMM Morning Meeting Summary: US Data Falls Short of Expectations, US Dollar and Copper Prices Weaken] On February 14, spot #1 copper cathode was quoted at a premium of 10-40 yuan/mt against the February 2502 contract, with an average premium of 25 yuan/mt, up 25 yuan/mt from the previous trading day. On February 14, as copper prices surged, the price spread between near-month contracts widened again, and suppliers subsequently raised premiums. In the short term, downstream stocking sentiment remains weak...