Latest Update in the SMM Copper Market

The table below shows the daily changes of LME base metals stocks today.

The table below shows daily changes of SHFE base metals and stainless steel warrants today.

SMM social inventories of copper in China's major trading markets

SMM data: Copper concentrate shipments and arrivals data

LME data showed that LME copper stocks fell overall last week. The latest stocks level was 174,250 mt, a new low in nearly a month.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Dec 04, 2023

LME copper prices opened at $8552.5/mt and closed at $8625/mt in last Friday trading, a gain of 1.84%, with the low-end of $8511/mt and the high-end of $8640/mt. Trading volume was 32,000 lots, and open interest stood at 266,000 lots. The most active SHFE 2401 copper contract prices opened at 68660 yuan/mt and closed at 68990 yuan/mt last evening, up 0.97%, with the high-end of 69150 yuan/mt and the low-end of 68660 yuan/mt. Trading volumes stood at 40,000 lots and open interest stood at 172,000 lots.

LME copper prices opened at $8552.5/mt and closed at $8625/mt in last Friday trading, a gain of 1.84%, with the low-end of $8511/mt and the high-end of $8640/mt.