Shanghai copper spot market report on September 12th: unchanged premium, limited market buying before Mid Autumn Festival to avoid risks

Update：3/16/2025 2:59:10 PM

SMM News on September 12th: Today, Shanghai electrolytic copper spot trading reported a premium of 110 to 140 yuan/ton for the current month's contract, with a transaction price of 47330 yuan/ton to 47430 yuan/ton for flat copper and 47340 yuan/ton to 47450 yuan/ton for premium copper. Shanghai copper futures opened low and rose, but did not break the original range oscillation pattern. Today, they are consolidating around 47200~47300 yuan/ton. On the last trading day before today's Mid Autumn Festival holiday, holders of goods maintained their willingness to raise premiums. In the morning, the market continued yesterday's quoted premium of 110 to 140 yuan/ton, but overall trading activity decreased. The premium for flat copper was concentrated around 110 yuan/ton, and a small amount of goods could be as low as 100 yuan/ton. Good copper still maintained a premium of 130 yuan/ton, while wet copper remained stagnant at a premium of 50 to 70 yuan/ton. On the last trading day, the market buying was flat and downstream demand was high. Traders were cautious and cautious in avoiding risks during the holiday period, and many had already shown signs of a holiday situation. Today, the supply and demand sides in the market continue to show a stalemate. The Monday after the holiday is the delivery for the current month, and attention is being paid to the guidance of the price difference for the next month. The back structure has begun to emerge in recent months.

[Reproduction requires retaining the source - Shanghai Nonferrous Network]