Shanghai Copper Spot Market Report on April 16th

Update：3/16/2025 2:45:07 PM

SMM April 16th News: Today, Shanghai electrolytic copper spot offers a discount of 40 yuan/ton to 100 yuan/ton for the current month's contract. The transaction price for flat copper is 49280 yuan/ton to 49360 yuan/ton, and the transaction price for premium copper is 49380 yuan/ton to 49480 yuan/ton. Affected by the collective decline of the US stock market overnight, copper prices experienced a narrow correction, and today's Shanghai copper futures fluctuated around the range of 49300 to 49400 yuan/ton. On the first day after the change of month, the market quotation showed a strong trend in the morning today. Holders of goods reported a discount of 40 to 60 yuan/ton, and the market inquiry was active. Good copper was particularly favored by the market, and active buying transactions were made around a premium of 60 to 70 yuan/ton. The price of flat copper was raised to a discount of 30 yuan/ton, and the market buying enthusiasm was strong, with active trading. Entering the second trading stage, the market activity is high, the inquiry atmosphere remains active, the holders of goods are actively receiving goods, and the spot price is once again pushed up