SMM

►Decline in inventory fails to halt decline in premiums; large price spread between futures contracts is the main cause [SMM spot copper in South China]

►Poor demand prompts suppliers to continue cutting prices; spot premiums/discounts weaken again [SMM spot copper in North China]

►Spot premiums/discounts for copper in Shanghai market on May 13 (fourth session)

►Spot premiums/discounts for copper in Guangdong market on May 13 (fourth session at 10:45)

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