China's copper cathode production in March increased by 63,900 mt MoM, up 6.04%, and rose 12.27% YoY. The cumulative production from January to March increased by 274,500 mt YoY, up 9.4%.
Copper prices retreated from highs, with risks of further upward movement [Institutional Commentary]
Short-term copper prices adjusted, but looking back at March, SHFE copper weighted cumulative gains exceeded 5,000 yuan/mt, and the total open interest in the market quickly surpassed 600,000 lots.
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