SHFE Copper Falls Below 100,000 Yuan/mt， while Spot Market Activity Weakens

Published: Mar 16, 2026 11:18

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During the day, the SHFE copper 2603 contract fell below 100,000 yuan/mt for the second time, opening at 99,500 yuan/mt and bottoming at 98,640 yuan/mt. Spot market trading activity today pulled back significantly from March 9, when the contract first fell below 100,000 yuan, with both buying and selling sides weak, SMM data showed. Shanghai spot market purchasing sentiment index stood at 2.53 and sales sentiment at 2.63 on March 14, down 0.29 from March 9. On March 9, some enterprises' restocking demand boosted spot trade to a post-holiday high, SMM noted. Today, possibly due to contract rollover, copper prices again traded below 100,000 yuan, but their appeal to downstream enterprises may have weakened.

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