SMM Review And Forecast Of Spot Copper Market In Shanghai
- Jun 19, 2023, at 3:12 pm
- SMM
The backwardation of the SHFE front-month copper contract over the SHFE next-month copper contract expanded from 200 yuan/mt to 300 yuan/mt before the delivery of the June contract. This pushed down spot premiums from 310 yuan/mt at the beginning of the week to 165 yuan/mt.