[SMM Analysis] Cost Provides Support, Trading Remains Sluggish—Anode Material Prices Hold Steady During Chinese New Year Holiday

During the Chinese New Year period, warehouse inventory increases far exceeded expectations, spot copper cathode saw significant discounts [SMM Southern China Spot Copper Cathode Weekly Review]

BC Copper 2603 Contract Fluctuated and Closed Higher, Macro Sentiment Recovered and Geopolitical Support [SMM BC Copper Review]

Social Inventory at Historic Highs, Supply Increases Cause Shanghai Spot Copper Discounts to Continue Widening [SMM Shanghai Spot Copper]

Downstream production resumptions also led to an increase in procurement volume, with overall trading activity continuing to improve [SMM Southern China Spot Copper]