Shanghai Copper Spot Discounts Expected to Continue Recovery Trend Next Week

Published: Mar 6, 2026 13:18

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Looking ahead to next week, spot discounts for Shanghai spot copper are expected to continue a steady recovery trend. From the market structure perspective, the price spread between futures contracts for the next-month C contract remains around 300 yuan/mt, prompting suppliers to hold prices firm and withhold sales; meanwhile, the downward shift in the center of copper prices has effectively stimulated downstream purchase willingness, driving a notable rise in spot premiums. Supply side, domestically produced copper and previously price-locked imported cargoes continue to arrive, and with social inventory at elevated levels, overall circulating supply in the market remains ample.

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