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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. ....
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. ....
The domestic copper cathode output in December stood at 870,300 mt, up 5.38% month-on-month (MoM) and 0.97% year-on-year (YoY). Generally speaking, many smelters have completed their maintenance, and some recovered quickly from accidents. ....