Shanghai copper spot market report on September 11th: The premium remains stable, while the futures and spot prices are in a stalemate

Update：3/16/2025 2:58:30 PM

SMM News on September 11th: 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 47260 yuan/ton to 47310 yuan/ton for flat copper and 47270 yuan/ton to 47330 yuan/ton for premium copper. Shanghai copper futures fell under pressure again to 47200 yuan/ton, and the spot market continued to be stagnant with average buying. The market maintained yesterday's quoted premium of 110 to 140 yuan/ton. Pingshui copper is unwilling to lower its shipments and is priced above the premium of 110 yuan/ton. If there are low-priced sources in the market, it is still favored by traders. Good copper prices tend to remain stable, with transactions at the premium of 130 yuan/ton. Before the holiday, downstream demand remains high, and wet copper prices remain at a premium of 50 to 70 yuan/ton. The futures market is currently struggling to break free from the range oscillation pattern, with the market showing a willingness to buy at a lower price. However, the willingness of holders to raise prices is clear, and there are still differences between supply and demand, resulting in a stalemate and tug of war.

[Reproduction requires retaining the source - Shanghai Nonferrous Network]