SMM reported that #1 copper cathode traded with premiums of up to 50 yuan/mt against SHFE 2305 copper contract on April 21, and with premiums of 30-70 yuan/mt over the contract as of Friday April 28 (with next-month invoices).
Instead of viewing spot as “a four-letter bad word,” Shelley Simpson says customers should take advantage of dynamic pricing for their “unpredictable loads.”