Metal21m
LME & COMEX Copper Price Spread Hits Historical High Again: What's Driving It? [SMM Analysis]
In May 2024, due to ultra-low COMEX copper inventories, a historically rare short squeeze occurred in the COMEX copper market. A large influx of funds went long in the COMEX copper futures market, ...
Metal44m
Inventory Declined Significantly Again, Driving Premiums Higher, but Actual Transactions Were Very Limited [SMM South China Spot Copper]
Guangdong inventory ended its two-day increase and pulled back due to limited arrivals. As a result, suppliers continued to stand firm on quotes, with standard-quality copper quoted as high as 600 ...