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SMM Review Of Spot Copper Market In Shanghai Last Week

  • Th07 03, 2023, at 5:41 pm
  • SMM
Spot premiums fell initially and then rose last week. In the first half of the week, market participants focused on stock liquidation due to the month-end and mid-year settlement, lowering spot premiums. On Tuesday last week, SMM spot premiums of #1 copper cathode averaged 200 yuan/mt against next-month invoices. In the second half of the week, sellers raised their quotes and spot premiums exceeded 300 yuan/mt against next-month invoices.
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