Stay updated with breaking news from Copper Cathode. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
According SMM official website, intraday SMM 1# copper cathode spot premiums stood at around 350 yuan/mt, plunging by around 85% from 2,200 yuan/mt, a historical high recorded last Friday. Meanwhile, the backwardation of SHFE copper also weakened to some point.
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher. Drop us a line
Copper prices surged to record new highs after the Chinese New Year (CNY) holiday, while the the price spread between copper cathode and copper scrap fluctuated vigorously. The tax-included price spread between 1# bare bright copper and copper cathode rose to the second highest on record of 3,779 yuan/mt on February 25. It touched an all-time high of 3,936 yuan/mt on February 22. Please sign in to continue reading the full article for free Already registered? Sign in
How Toyota Tsusho's Metalsplanet.com Will Be The New Gamechanger SECTIONS Last Updated: Feb 05, 2021, 02:42 PM IST Share Comment Last year, the outbreak of the Covid-19 pandemic had severely impacted the global automobile, construction, and electrical machinery industries, which together contribute 75-85% to the global non-ferrous metal demand. As a result, consumption of these metals had contracted significantly, ranging from 3 - 4% for copper and zinc, and up to 8 percent for aluminium on a Y-o-Y basis. However, the good news is that the tides are changing. There has been a steady turnarou...
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher. Drop us a line