Spot copper slipped today, while futures and LME moved higher. Aluminum also declined.
Latest data:
Yangtze #1 Copper: RMB 97,720/t, -180
Bare Copper (Oxygen-Free): RMB 98,880/t, -180
Enameled Wire: RMB 102,990/t, -180
A00 Aluminum: RMB 24,400/t, -160
Guangdong #1 Copper: RMB 97,690/t, -180
Guangdong A00 Aluminum: RMB 24,320/t, -150
LME Copper: USD 12,706/t, +377
SHFE 2604: RMB 97,580/t, +180
SHFE 2605: RMB 97,620/t, +350
Market view:
Physical prices eased a bit. Futures stayed firm. Overall, the market is mixed.
Industry note:
Price swings are still there. Buyers stay cautious.
Chatnow Insight:
We keep supply stable and pricing consistent for our customers.