Shanghai copper spot market report on December 3rd: copper futures fell, trading improved significantly, willingness to support prices remains unchanged

Update：3/16/2025 3:01:13 PM

SMM News on December 3rd: Today, Shanghai electrolytic copper spot trading reported a premium of 100 to 130 yuan/ton for the current month's contract, with a transaction price of 47130 yuan/ton to 47160 yuan/ton for flat copper and 47150 yuan/ton to 47170 yuan/ton for premium copper. Shanghai copper futures suffered setbacks and fell to the level of 47000 yuan/ton. Holders of copper futures have a stronger bullish sentiment, actively quoting a premium of 110 to 130 yuan/ton in the morning market. Some flat copper futures can be lowered to a premium of 100 yuan/ton, while good copper futures are priced at 120 yuan/ton, ushering in a wave of positive trading. Low price sources still attract some traders to buy. Early trading was still acceptable, but by the time we entered the second trading session, it was difficult to find low-priced sources. The price of flat copper remained stable at a premium of 110 to 120 yuan/ton, while good copper remained stable at a premium of 130 yuan/ton. Trading was not as proactive as in early trading; Downstream demand remains high, and although wet process copper also intends to follow suit, some brands have low market recognition, with prices remaining at 20 to 30 yuan/ton per liter. Wet process copper with better brands is steadily rising at 40 to 60 yuan/ton per liter. Today's market saw a slight decline and correction, with improved trading enthusiasm. However, traders still led the way in raising premiums, and short-term premiums will continue to maintain a stable and upward trend.

[Reproduction requires retaining the source - Shanghai Nonferrous Network]