The spot copper cathode price in Shandong has continued to rise.

Published: Jul 10, 2026 10:02

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Spot premiums in Shandong rose steadily this week. As of Thursday, the average spot copper price in Shandong was quoted at a premium of 50 yuan/mt. This week, the market maintained a weak supply-demand pattern. Two smelters in the province conducted simultaneous maintenance, and the regional circulating supply was already tight. Coupled with the continuous destocking of copper cathode social inventory, the concentrated stockpiling and logistical disruptions caused by typhoon expectations in East China further tightened the spot supply in the market, providing strong support for spot offers. Meanwhile, end-users in the province were in the off-season, with weak purchasing demand. However, suppliers held back from selling and were reluctant to sell at lower prices. Offers in the market diver

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