SMM

[SMM Morning Meeting Summary: Copper Prices Fell Overnight, Domestic Macro Optimism Provides Support] On February 17, #1 copper cathode spot prices against the current-month 2502 contract were quoted at a premium of 80-160 yuan/mt, with an average premium of 120 yuan/mt, up 95 yuan/mt from the previous trading day. According to SMM, inventory buildup continued over the weekend in the Shanghai region, and the high contango structure attracted active buying from suppliers and downstream buyers...