Copper Prices Edge Up, Spot Premiums/Discounts Face Downward Pressure Amid Sluggish Demand

Published: Feb 9, 2026 12:05

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Looking ahead to tomorrow, spot premiums/discounts are expected to face downward pressure. During the day, copper prices rose slightly, dampening downstream demand, and actual market transactions were sluggish; coupled with some suppliers offloading cargo, spot premiums/discounts dropped slightly. Supply side, some price-ratio locked cargoes due to earlier import arbitrage opportunities have arrived at ports and entered circulation, and attention should be paid to subsequent cargo arrivals. Short-term spot supply is expected to gradually increase. Demand side, as some downstream enterprises enter the holiday period and most top-tier enterprises have completed pre-holiday stockpiling, actual procurement demand shows a weakening trend.

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