》Check SMM copper quotes, data, and market analysis 》Subscribe to view historical price trends of SMM metal spot cargo SMM July 15 At 11:30 today, the futures closing price was 77,750 yuan/mt, down 780 yuan/mt from the previous trading day. The average spot premiums/discounts were 135 yuan/mt, up 155 yuan/mt from the previous trading day. Today, the price of secondary copper raw material decreased by 300 yuan/mt MoM. The price of bare bright copper in Guangdong was 72,600-72,800 yuan/mt, down 300 yuan/mt from the previous trading day. The price difference between copper cathode and copper scrap was 545 yuan/mt, down 305 yuan/mt MoM. The price difference between copper cathode rod and secondary copper rod was 370 yuan/mt. According to the SMM survey, copper prices fluctuated at lows, coupled with the futures delivery day, resulting in mediocre trading in the secondary copper raw material market. Suppliers' refusal to budge on prices led to a further narrowing of the price difference between copper cathode and copper scrap.

》Check SMM copper quotes, data, and market analysis 》Subscribe to view historical price trends of SMM metal spot cargoes SMM July 10 At 11:30 today, the futures closing price was 78,640 yuan/mt, down 300 yuan/mt from the previous trading day. The average spot premiums/discounts were 15 yuan/mt, down 55 yuan/mt from the previous trading day. Today, the price of secondary copper raw material decreased by 200 yuan/mt MoM. The price of bare bright copper in Guangdong was 73,000-73,200 yuan/mt, down 200 yuan/mt from the previous trading day. The price difference between copper cathode and copper scrap was 889 yuan/mt, down 142 yuan/mt MoM. The price difference between copper cathode rod and secondary copper rod was 650 yuan/mt. According to the SMM survey, copper prices continued to decline today. Many suppliers of secondary copper raw material actively contacted secondary copper rod enterprises to sell secondary copper raw material. However, given the current uncertainty surrounding overseas macro factors, many secondary copper rod enterprises have suspended their raw material procurement and will resume procurement once copper prices stabilize.