In recent times, the copper market has seen new dynamics in both supply and demand, influenced by multiple factors. From the supply perspective, this week, spot treatment charges (TC) for copper continue to rise as smelting capacity recovers both domestically and internationally, driven by favorable refining margins. This has led to an increase in copper […]
Pressure from Increased Supply and Weak Demand Improvement Read More »
Shanghai nickel (2310) experienced a slight decline today, with the main September 2310 contract opening at 167,890 CNY per ton, reaching a high of 168,220 CNY per ton during trading, and settling at 166,840 CNY per ton, down by 2,740 CNY or 1.62%. The main contract for Shanghai nickel (2310) saw a total of 143,842
The strong US dollar has put pressure on base metals, with London copper falling by 0.9% last week. Rising copper inventories both domestically and internationally have increased downward pressure on copper prices. Weak trading in the domestic spot market and declining premiums continue to suppress prices, so copper is expected to decline today. With the
Copper, Aluminum, Zinc, Lead, Tin, and Nickel Morning Commentary Read More »
The tightening of the Federal Reserve’s monetary policy has cooled market risk appetite, leading to a 0.71% drop in London aluminum prices two weeks ago. Weakness in China’s August trade data has also weighed on market sentiment. While aluminum production continues to rise in Shanghai, warehouse inventories remain limited, potentially leading to a slight increase
