Top News on China Copper markets

Copper prices increased on October 21, supported by factors such as easing market expectations of a Fed interest rate raise in October, and sustained supply concerns due to recent disruptions on the mining sector.     China's refined copper spot trading declined on October 21, with spot premiums flu

China's output of semi-finished copper products reached 2.05 million tonnes in September, recovering by 82,000 tonnes or 4.2% from August, according to new data from the National Bureau of Statistics (NBS). However, the figure represented a 182,000-tonne or 8.2% decline year-on-year.

Copper prices fluctuated on October 20, slightly falling in China's futures and spot markets while rising at the LME. Regarding the fundamentals, demand recovery in China stayed slow, but global supply tightness persisted despite easing strike risks at Chile's major copper mines. On the macro side,

Premium: Spot premiums rebound after contract rollover as regional supply stays tight China's refined copper spot premiums generally dropped before rebounding last week. Ahead of the delivery and rollover of the SHFE 2610 contract, the near-month backwardation structure stayed wide, while a large vo

Price: Further rise in copper scrap invoice tax points narrows refined-scrap copper price spread Copper prices edged down slightly last week, but copper scrap prices remained relatively firm. Meanwhile, the copper scrap tax rate was raised again in October, further pushing up tax-inclusive scrap pri

Copper prices dropped slightly at the LME, while increased in China's futures and spot markets on October 19, as market sentiment fluctuated amid recent macro and fundamental disruptions. Though easing mine supply concerns slightly suppressed prices, refined copper inventory in China stayed relative

Copper prices fluctuated on October 16, with frequent macro and fundamental disruptions recently. The U.S. Fed interest rate decision in October saw volatile market expectations, while the U.S. refined copper import tariff decision also stayed uncertain.   China's refined copper spot trading improve

Copper prices dropped in China and overseas markets on October 15, primarily due to deepening macro pressures. U.S. September PPI rose 6.3% year on year, the highest in over four years, while the month-on-month increase of 1.3% was the largest since March 2022. This continued to reinforce expectatio

Copper prices slightly increased in China on October 14, as the tight supply side provided strong bottom support. However, the U.S. September CPI growth exceeded market expectations, lifting the possibility of a Fed interest rate raise in October, suppressing prices at the LME.   The supervisors' un

China's imports of unwrought copper and semi-finished copper products encompassing cathodes, rods, tubes, sheets and foil rebounded to 461,000 tonnes in September, marking an on-month surge of 20.7%, data from China's General Administration of Customs (GACC) published Wednesday show. However, the vo