》View SMM copper quotes, data, and market analysis
》Subscribe to view historical price trends of SMM metal spot cargo
SMM June 17
At 11:30 today, the futures closing price was 78,470 yuan/mt, down 230 yuan/mt from the previous trading day. The average spot premiums/discounts were 240 yuan/mt, up 210 yuan/mt from the previous trading day. Today, the price of secondary copper raw material decreased by 200 yuan/mt MoM. The price of bare bright copper in Guangdong was 72,700-72,900 yuan/mt, down 200 yuan/mt from the previous trading day. The price difference between copper cathode and copper scrap was 1,263 yuan/mt, up 193 yuan/mt MoM. The price difference between copper cathode rod and secondary copper rod was 1,170 yuan/mt. According to the SMM survey, the actual implementation of "reverse invoicing" varies across different cities in Anhui Province, leaving local enterprises uncertain about how to respond. As a result, some enterprises reported that their open-hearth furnaces have been idle for a long time and will resume production after the unified implementation of policies in Anhui Province.
