[SMM Analysis: Supply-Demand Imbalance Continues to Intensify, Exacerbating Tensions in the Anode Copper Market] In August 2024, SMM reported that the domestic processing fees for crude copper in southern China were quoted at 800-1000 yuan/ton, with an average price of 900 yuan/ton, representing a decrease of 200 yuan/ton from the previous month. Meanwhile, the processing fees for crude copper in northern China were quoted at 900-1100 yuan/ton, with an average price of 1000 yuan/ton, down 100 yuan/ton from the previous month...

In January, SMM China's copper Cathode production reached 969800 tons, a decrease of 29600 tons month on month, a decrease of 2.96%, a year-on-year increase of 13.65%, and an increase of 116500 tons; And it increased by 16200 tons compared to the expected 953600 tons.

In June, SMM China's copper cathode output was 917,900 mt, a decrease of 40,900 mt or 4.3% month-on-month, and a year-on-year increase of 7.1%. The output totalled 5.56 million mt from January to June, a year-on-year increase of 11.06%.