The local prices are expected to be released soon, stay tuned!
Got it
+86 021 5155-0306
Language:
SMM
Sign In
Base Metals
Aluminum
Copper
Lead
Nickel
Tin
Zinc
New Energy
Solar
Lithium
Cobalt
Lithium Battery Cathode Material
Anode Materials
Separator
Electrolyte
Lithium-ion Battery
Sodium-ion Battery
Used Lithium-ion Battery
Hydrogen Energy
Energy Storage
Minor Metals
Silicon
Magnesium
Titanium
Bismuth/Selenium/Tellurium
Tungsten
Antimony
Chromium
Manganese
Indium/Germanium/Gallium
Niobium/Tantalum
Other Minor Metals
Precious Metals
Rare Earth
Gold
Silver
Palladium
Platinum/Ruthenium
Rhodium
Iridium
Scrap Metals
Copper Scrap
Aluminum Scrap
Tin Scrap
Ferrous Metals
Iron Ore Index
Iron Ore Price
Coke
Coal
Pig Iron
Steel Billet
Finished Steel
International Steel
Others
Futures
SMM Index
MMi
Suppliers quoted higher premiums but transactions were flat, pre-holiday stocking demand has not yet emerged. [SMM Shanghai Spot Copper]
Apr 02, 2025, at 1:52 pm
【SMM Spot Copper】SMM #1 copper cathode standard-quality copper was quoted at a premium of 10 yuan/mt to 30 yuan/mt against the front-month contract, while premium-quality copper was quoted at a premium of 30 yuan/mt to 50 yuan/mt. The market trading in the morning session did not show significant improvement, and the main reason for the premium increase was downstream firms standing firm on quotes and holding back sales. Before the morning close, some downstream firms actively bargained, leading to a slight downward shift in the trading center. The pre-holiday stockpiling demand ahead of the Qingming Festival holiday is expected to push up the premium in actual transactions tomorrow.
SMM April 1 News: Today, spot prices of #1 copper cathode against the SHFE copper 2504 contract were quoted at a premium of 10-50 yuan/mt, with an average premium of 30 yuan/mt, up 20 yuan/mt from the previous trading day. The transaction prices of standard-quality copper ranged from 79,870 to 80,220 yuan/mt, while those of high-quality copper ranged from 79,890 to 80,240 yuan/mt. The SHFE copper 2504 contract rose rapidly from 79,690 yuan/mt in the morning session, reaching a high of 80,210 yuan/mt before fluctuating around 80,000 yuan/mt. The price spread between the SHFE copper 2504 and 2505 contracts fluctuated between Contango 10 and BACK 30 yuan/mt. In the morning session, premiums were quoted high, but downstream purchase willingness was weak, resulting in flat market transactions. At the beginning of the session, suppliers quoted mainstream standard-quality copper at a premium of 10-30 yuan/mt, while high-quality copper was quoted at a premium of 30-50 yuan/mt. Market transactions were sluggish, with a small amount of cargo traded at a discount, and most suppliers chose to sell at the average price, as downstream purchase willingness remained weak. During the main trading session, mainstream standard-quality copper was traded at a premium of 10-30 yuan/mt, while high-quality copper was traded at a premium of 30-50 yuan/mt. Non-registered cargo was traded at a discount of 80-50 yuan/mt. By 11:00 AM, spot premiums stabilized. The morning session saw no significant improvement in market transactions, with the rise in premiums mainly due to downstream suppliers standing firm on quotes. Before the morning close, some downstream buyers actively bargained, leading to a slight decline in the transaction center. The pre-holiday stockpiling demand for the upcoming Qingming Festival is expected to push up spot premiums in actual transactions.
