Shanghai Copper Spot Market Report on April 17th

Update：3/16/2025 2:48:27 PM

SMM, April 17th News: Today, Shanghai electrolytic copper spot trading reported a premium of 30 yuan/ton to 140 yuan/ton for the current month's contract, with a transaction price of 49460 yuan/ton to 49560 yuan/ton for flat copper and 49560 yuan/ton to 49660 yuan/ton for premium copper. The performance of Shanghai copper futures fluctuated within a range, with copper futures moving along the line of 49400 yuan/ton. Yesterday afternoon, there were no discounted sources of goods flowing out. At the beginning of today's morning trading, holders of goods quoted a premium of 30-140 yuan/ton, and buying on dips increased. Traders continued to lead the market in transactions. At the beginning of the flat copper market, a small amount of low-priced goods could be received, but soon low-priced goods became scarce. The quotation was raised to around 40 yuan/ton, and the buying volume of good copper was lower than that of flat copper. The premium was slightly adjusted to 120-130 yuan/ton for concentrated transactions. Wet copper continues to have a tight supply and high prices, with prices rising to around 50 yuan/ton at a discount compared to yesterday. The desire of holders to raise prices has been persistent, and receiving goods is still ongoing. However, as the premium continues to rise, the purchase volume has slightly decreased. In the context of tight domestic performance without replenishment of imports, the upward speed of flat copper is relatively fast, and its popularity is high. The market is still brewing a consolidation period, and spot prices have already strengthened, leaving the market lacking further stimulation from improved consumption.

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