Increased Market Supply, Spot Premiums Lack Upward Momentum [SMM North China Spot Copper]

May LPR Unchanged: 1-Year at 3%, Over-5-Year at 3.5%

Crude Oil Continued to Decline, Metals Showed Mixed Performance, SHFE Copper and SHFE Tin Fell Over 1%, SHFE Silver, Lithium Carbonate and Palladium Dropped Over 3% [SMM Midday Review]

Increased Copper Cathode Supply in the North Pressures Spot Premiums

Downstream Continued to Be Bearish on Copper Prices and Reluctant to Purchase More, Overall Trading Was Moderate [SMM South China Spot Copper]