Copper Traders Pushed up the Premiums to 500 yuan/mt due to the Tight Supply_SMM
On August 17, spot premiums of copper cathode in the Shanghai market were 440-520 yuan/mt over the SHFE 2209 copper contract.
Source: metal.com
Page 4 - Afuye News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Afuye. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Afuye Today - Breaking & Trending Today
SMM Morning Comments (Aug 16): Base Metals Closed Mostly with Losses amid More Signs of Economic Recessions_SMM
LME and SHFE base metals closed mostly with losses with signs indicating an economic slowdown. A survey by the New York Fed showed that the New York State Manufacturing Index plunged 42.4 points in August to -31.3. A reading below zero indicates a contraction in New York State manufacturing. These figures further reflect the slowdown in the economy at a time when the Federal Reserve is raising interest rates.
Source: metal.com
Copper Prices Continued to Rebound amid the Declining Domestic and Overseas Inventory_SMM
Overseas, the newly released non-farm payrolls exceeded expectations, and the US unemployment rate also returned to a pre-pandemic low of 3.5%.
Source: metal.com
Exclusive: China's Metals Output in July_SMM | Shanghai Non ferrous Metals
China produced 840,000 mt of copper cathode in July, down 2.5% on the month and up 1.1% on the year, according to SMM statistics.
Source: metal.com
Domestic Copper Cathode Output is Expected to Increase in August amid the Production Resumption_SMM
China produced 840,000 mt of copper cathode in July, down 2.5% on the month and up 1.1% on the year.
Source: metal.com