June 17th Shanghai Copper Spot Market Report

Update：3/16/2025 2:53:53 PM

SMM June 17th News: Today, Shanghai electrolytic copper spot trading reported a premium of 60 to 150 yuan/ton for the current month's contract, with a transaction price of 46080 yuan/ton to 46160 yuan/ton for flat copper and 46140 yuan/ton to 46220 yuan/ton for premium copper. Today is the last trading day of the 1906 contract, with a monthly price difference fluctuating between 60-70 yuan/ton. Most of the market has already quoted prices for the 1907 contract, and holders have a strong willingness to raise prices. In the morning market, they tried to quote at a premium of 30-80 yuan/ton. Due to the widening of the monthly price difference compared to last week, the spot premium has significantly increased compared to last week. Under market skepticism, most holders are waiting and watching. In the situation where there is sufficient supply and it is difficult to digest temporarily, holders have taken the lead in lowering prices from good copper, with a premium of 60-70 yuan/ton for good copper and a premium of 10-20 yuan/ton for flat copper. Wet copper has further expanded its discount status to around 40 yuan/ton. According to SMM's pricing methodology, the final trading day will still be based on the current month's contract quotation, with a premium of 120-150 yuan/ton for good copper and 60-90 yuan/ton for fair copper based on the price difference. By comparison, the market generally believes that high premiums are difficult to maintain stability. At a time when supply remains loose and consumption is sluggish, the trend is to lower premiums after the change of month.

[Reproduction requires retaining the source - Shanghai Nonferrous Network]