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Macro Uncertainty Persists; Copper Prices Expected to Maintain Fluctuating Trend [SMM Copper Morning Meeting Summary]

  • feb 20, 2025, at 9:01 am
[SMM Morning Meeting Summary: Macro Uncertainty Persists, Copper Prices Expected to Maintain Fluctuating Trend] On February 19, spot #1 copper cathode against the SHFE 2503 contract was quoted at a discount of 130-90 yuan/mt, with an average price at a discount of 110 yuan/mt, down 5 yuan/mt from the previous trading day. Trading activity yesterday was slightly quieter compared to the previous day, as downstream operating rates have yet to recover and market buying interest remained weak.....
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