|SHFE||48990.00||Update at 07:10 GMT||2017-02-22|
SMM publishes 23copper-related prices, including China Refined Copper Price, Copper Premiums, Copper Prices in Grades, Copper Prices in Areas, and Prices for Other Copper Products.
In China, SMM Copper Prices has been recognized as benchmark contract prices, which involves over 60% of participants in the local market, including mining companies, smelters, traders, distributors, downstream and end users.
SMM, jointly with the Administration of Shanghai Bonded Zones, launched Yangshan copper premium in March 2013, which presents the premium of copper prices for benchmark brands in Shanghai bonded zones over LME copper prices, to better reflect copper supply and demand in China’s markets and offer China a stronger voice in setting copper prices in global markets.
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