Shanghai copper spot market report on September 27th: The market is beginning to show a festive atmosphere, and spot prices are fully discounted

Update：3/16/2025 3:00:29 PM

SMM News on September 27th: Today, Shanghai electrolytic copper spot prices quoted a discount of 80 yuan/ton to the current month's contract. The transaction price of flat copper is 46700 yuan/ton to 46780 yuan/ton, and the transaction price of premium copper is 46740 yuan/ton to 46820 yuan/ton. The pre holiday risk aversion sentiment caused a sharp drop in the copper futures market overnight, with Shanghai copper futures falling below the 47000 yuan/ton mark and hovering around 46800 yuan/ton under pressure today. The spot market has begun to show a festive atmosphere, and most traders have entered a wait-and-see situation. Holders of their own inventory are still trying their best to sell and exchange for cash. As expected, the market has entered a comprehensive discount state, and the discount has slid from around 40-20 yuan/ton in the morning market to 80-50 yuan/ton. Wet copper is quoted around a discount of 100 yuan/ton. A small number of downstream customers restocked at low prices today. If the discount is close to 100 yuan, it may attract individual traders to receive the goods. Today, the trading atmosphere in the market has gradually shown its pre holiday and post holiday state, and the cliff like decline may be approaching a halt.

[Reproduction requires retaining the source - Shanghai Nonferrous Network]