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Shanghai Copper Market to Stay Strong Amid Tight Supply and Rigid Demand

Published: Apr 9, 2026 11:42
Source: SMM
The Shanghai spot copper market is expected to remain relatively strong tomorrow. In Jiangsu, available spot cargo remains tight, making procurement difficult for some downstream buyers and supporting spot premiums. The inter-month Contango spread has widened, strengthening suppliers' willingness to hold positions for delivery and reducing lower-price selling. Despite cautious downstream buying after the recent price pullback, rigid restocking demand persists. Overall, spot premiums against SHFE copper 2604 are expected to hold current levels.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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