Copper Prices Continued to Rebound with the Support of Fundamentals_SMM
The US Fed raised the federal funds rate by 75 basis points to 2.25-2.5% in July.
Source: metal.com
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SMM Morning Comments (Aug 8): Base Metals Closed Mostly with Gains amid Subsiding Recession Worries_SMM
LME and SHFE base metals closed mostly with gains amid a better-than-expected US labour market, which eased the market fears over a potential economic recession.
Source: metal.com
SMM Analysis: China Copper Output Fell Short of Expectations amid Tight Blister Copper Supply in July_SMM
SHANGHAI, Aug 8 (SMM) – China’s copper cathode output was 840,000 mt in July, down 2% MoM and up 1.1% YoY, SMM data showed.
Source: metal.com
Blister Copper Rcs to Remain under Pressure amid Tighter Supply _SMM
SHANGHAI, Jul 18 (SMM) –The SMM RCs of domestic blister copper were 1,150-1,350 yuan/mt in south China in June, down 50 yuan/mt MoM, and also 1,150-1,350 yuan/mt in north China, up 50 yuan/mt MoM, while the RCs of imported blister copper were $140-160/mt CIF, flat MoM.
Source: metal.com
Upside Room of Copper Prices to be Limited, with Eyes on Domestic Consumption_SMM
The US Federal Reserve has reached a consensus on raising interest rates by 50 basis points each in June and July, but is divided over the path of interest rate hikes after September.
Source: metal.com