SHFE Copper Prices Stabilize with Widening Import Losses

Published: Jun 6, 2025 14:08
In the morning session, the front-month contract of SHFE copper showed relatively stable movement, fluctuating rangebound between 78,750 and 78,850 yuan/mt during the main trading hours. The price spread between futures contracts for the next month (BACK) fluctuated by 100 yuan/mt. The import loss continued to widen, prompting domestic smelters to increase their export efforts.

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Copper Prices Move Sideways on Weak Macro Disruptions, Limited Stocking Demand Before Labour Day Holiday [SMM Macro Weekly Review]
13 mins ago
Copper Prices Move Sideways on Weak Macro Disruptions, Limited Stocking Demand Before Labour Day Holiday [SMM Macro Weekly Review]
Read More
Copper Prices Move Sideways on Weak Macro Disruptions, Limited Stocking Demand Before Labour Day Holiday [SMM Macro Weekly Review]
Copper Prices Move Sideways on Weak Macro Disruptions, Limited Stocking Demand Before Labour Day Holiday [SMM Macro Weekly Review]
13 mins ago
Copper Cathode Rod Operating Rates Fall Short of Expectations in China Amid Low Demand
39 mins ago
Copper Cathode Rod Operating Rates Fall Short of Expectations in China Amid Low Demand
Read More
Copper Cathode Rod Operating Rates Fall Short of Expectations in China Amid Low Demand
Copper Cathode Rod Operating Rates Fall Short of Expectations in China Amid Low Demand
【SMM Copper Cathode Rod News Flash】Operating rates of copper cathode rod enterprises in China pulled back slightly WoW this week, falling short of market expectations. Pre-holiday terminal stockpiling was sluggish overall, with low purchase willingness in the enamelled wire and cable sectors. Enterprises struggled to secure new orders, highlighting the pressure on the demand side of the industry.
39 mins ago
Copper Cathode Rod Market Sees Sluggish Demand, Awaits Price Guidance Amid Off-Season
42 mins ago
Copper Cathode Rod Market Sees Sluggish Demand, Awaits Price Guidance Amid Off-Season
Read More
Copper Cathode Rod Market Sees Sluggish Demand, Awaits Price Guidance Amid Off-Season
Copper Cathode Rod Market Sees Sluggish Demand, Awaits Price Guidance Amid Off-Season
【SMM Copper Cathode Rod News Flash】Currently, terminal orders for copper cathode rod lacked follow-through, downstream stocking atmosphere was sluggish, and the phased demand driven by earlier copper price pullbacks faded. Post-holiday, the market will enter the traditional consumption off-season, with no incremental demand release from end-users for now. Wait-and-see sentiment in the industry is intensifying, and subsequent market trends will be highly dependent on copper price guidance.
42 mins ago