US inflation exceeding expectations pressures copper prices; SHFE copper spot premiums are expected to rebound after contract rollover [SMM Macro Weekly Review]
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This report is about copper and inflation and prices.
Directly affected
- No company is named in this report.
Indirectly affected
- COPX Global X Copper Miners ETF-15.6% 30d
Global X Copper Miners ETF: it holds copper miners. Linked by “copper” (copper) in this story.
- TIP iShares TIPS Bond ETF+0.7% 17d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- XLV Health Care Select Sector SPDR
Health Care Select Sector SPDR: it holds health insurers and care providers. Linked by “premiums” (health insurers and care costs) in this story.
- FCX Freeport-McMoRan-10.3% 30d
Freeport-McMoRan (metal mining): copper miners' profits move with the copper price. Linked by “copper” (copper) in this story.
- SCCO Southern Copper-13.4% 30d
Southern Copper (metal mining): copper miners' profits move with the copper price. Linked by “copper” (copper) in this story.
- WMT Walmart+19.7% 30d
Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- COST Costco Wholesale+18.8% 30d
Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- PG The Procter & Gamble+16.4% 30d
The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| COPX | +0.35% | +2.68% | base | after close | after close | after close | after close |
| TIP | +1.44% | +0.49% | base | after close | after close | after close | after close |
| XLV | -1.60% | +0.57% | base | after close | after close | after close | after close |
| FCX | -1.72% | -0.26% | base | after close | after close | after close | after close |
| SCCO | -0.58% | +1.33% | base | after close | after close | after close | after close |
| WMT | -0.55% | -0.53% | base | after close | after close | after close | after close |
| COST | -3.59% | -2.42% | base | after close | after close | after close | after close |
| PG | -1.60% | +0.32% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
US inflation exceeding expectations pressures copper prices; SHFE copper spot premiums are expected to rebound after contract rollover [SMM Macro Weekly Review] Shanghai Metals Market
Source: Shanghai Metals Market
This story
| Company | When | Move | Status |
|---|---|---|---|
| COPX | three days earlier | +2.68% | final price |
| COPX | five days earlier | +0.35% | final price |
| COST | three days earlier | -2.42% | final price |
| COST | five days earlier | -3.59% | final price |
| FCX | three days earlier | -0.26% | final price |
| FCX | five days earlier | -1.72% | final price |
| PG | three days earlier | +0.32% | final price |
| PG | five days earlier | -1.60% | final price |
| SCCO | three days earlier | +1.33% | final price |
| SCCO | five days earlier | -0.58% | final price |
| TIP | three days earlier | +0.49% | final price |
| TIP | five days earlier | +1.44% | final price |
| WMT | three days earlier | -0.53% | final price |
| WMT | five days earlier | -0.55% | final price |
| XLV | three days earlier | +0.57% | final price |
| XLV | five days earlier | -1.60% | final price |
Congressional trades in the stocks in this story
- Rep. Rohit Khanna bought Walmart (WMT) (held by a dependent child), worth $15,001 - $50,000 on 13 Oct 2026. That is 31 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 37 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 42 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST), worth $100,001 - $250,000 on 13 Oct 2026. That is 31 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 12 Oct 2026. That is 32 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 37 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Maria Elvira Salazar bought Procter & Gamble (PG), worth $1,001 - $15,000 on 23 Oct 2026. That is 21 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. David J. Taylor sold Procter & Gamble (PG), worth $1,001 - $15,000 on 12 Oct 2026. That is 32 days before publication. Filed 15 Oct 2026. View the filing.
- Rep. Pete Sessions sold Procter & Gamble (PG), worth $1,001 - $15,000 on 8 Oct 2026. That is 36 days before publication. Filed 27 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“US inflation exceeding expectations pressures copper prices; SHFE copper spot premiums are expected to rebound after contract rollover [SMM Macro Weekly Review]” scores 12 out of 100. The score uses 1 sources.