SMM

►Copper prices pull back and month-end spread narrows, downstream procurement activity picks up [SMM South China Copper Spot]

►Delivery date approaches with subdued market sentiment [SMM North China Copper Spot]

►Over the weekend, copper inventories in major Chinese regions rose by 3,900 mt [SMM Weekly Data]

►Shanghai zinc: Moderate spot transactions continue as premiums decline further [SMM Noon Review]

►Ningbo zinc: Weakening downstream orders result in mediocre trading activity [SMM Noon Review]

►Z12/>[SMM Iron Ore Shipping] Global iron ore shipments and port arrivals both decrease slightly by 6%

►[SMM Steel Shipping] China’s total steel exports rose 28% WoW last weekZ15/>►

[SMM Coking Coal Shipping] Last week’s coking coal port arrivals reached 2.1336 million mt, up 400,500 mt WoW

►Despite weakening demand, downstream stockpiling intentions strengthen; PV glass cold repair capacity increases further in July [SMM Analysis]

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