Shanghai Copper Spot Market Report on April 30th

Update：3/16/2025 2:51:01 PM

SMM April 30th News: Today, Shanghai electrolytic copper spot offers a discount of 40 to 50 yuan/ton for the current month's contract, with a transaction price of 48840 yuan/ton to 48900 yuan/ton for flat copper and 48900 yuan/ton to 48980 yuan/ton for raised copper. Overnight, the US dollar fell, which boosted copper prices slightly. Today, Shanghai copper futures hovered around the 48900 yuan/ton line. On the last trading day of the May Day holiday, the market has begun to show a festive atmosphere, and the trading atmosphere has declined. Prices have basically stabilized yesterday's market situation, with a discount of 30 to 50 yuan/ton for morning quotes. The market maintains a strong demand buying trend, and trade trading is cautious. Some holders have taken the initiative to slightly reduce their trading volume, lowering it to a discount of 40 to 40 yuan/ton per liter. Market buying enthusiasm is still low, and wet copper maintains yesterday's quoted discount of 100 to 80 yuan/ton. Today is the last trading day before the holiday, and only some downstream traders continue to restock on dips in the market. However, the buying volume has significantly decreased, and most holders no longer have the willingness to continue lowering prices for transactions. The overall market still shows a supply-demand stalemate today, highlighting the characteristics of avoiding risks before the holiday.