SHFE Copper Prices Surpass 80,000 Yuan/mt Amid Weak Downstream Demand

Published: Mar 14, 2025 14:32

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During the day, both the SHFE copper current-month and the most-traded contracts surpassed the 80,000 yuan/mt threshold. Downstream procurement sentiment was relatively weak, with large copper rod enterprises primarily focusing on consuming previously stocked raw material inventories, resulting in reduced just-in-time procurement volumes. The SMM #1 copper cathode premiums and discounts rose by 5 yuan/mt compared to the previous day, mainly due to limited available supply and the approaching delivery date, with suppliers showing a clear sentiment to stand firm on quotes.

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