SHFE Copper Futures Fluctuate with Slight Price Decline and Inventory Accumulation

Published: Jun 12, 2025 17:47

Save

In the morning session, SHFE copper futures fluctuated rangebound. After opening above 78,960 yuan/mt, prices oscillated repeatedly between 78,960 and 79,030 yuan/mt. Prices fell during the day, with the price spread between futures contracts for consecutive months (BACK) widening to fluctuate between 170 and 180 yuan/mt. The import loss for SHFE copper in the current month also narrowed to within 1,000 yuan/mt. According to SMM data, all the export shipments from domestic smelters arrived at bonded warehouses in the early stage, and inventory buildup in the bonded area reached 1,700 mt this week, bringing the total to 59,700 mt.

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

22 mins ago

Panama to Allow First Quantum to Remove Copper Ore from Cobre Panama Mine

Panama’s government expects to issue a resolution by Tuesday allowing First Quantum Minerals to remove stockpiled ore from the closed Cobre Panama copper mine, Trade Minister Julio Molto said Monday.The mine holds about 38 million metric tons of stockpiled ore, which could yield roughly 70,000 tons of copper. First Quantum has said processing could begin about three months after formal approval and take around a year to complete.

22 mins ago

49 mins ago

Vizsla Copper Corp. Announced Expansion of Drilling at the Poplar Copper-Molybdenum Project in British Columbia

49 mins ago

1 hour ago

Ruijin Approves 90,000 Tons High-Purity Cathode Copper Project by Jiangxi Jinna Copper Industry

Ruijin Municipal People's Government Website's Public Notice Column published the "Post-Approval Public Notice on the Construction Engineering Planning Permit for the Annual Output of 90,000 Tons of High-Purity Cathode Copper Renovation Project": Project Name: Annual Output of 90,000 Tons of High-Purity Cathode Copper Renovation Project; Construction Unit: Jiangxi Jinna Copper Industry Co., Ltd.; Construction Location: Extended Area of Changzheng Avenue, Ruijin Economic and Technological Development Zone; Approval Date: April 2, 2026.

1 hour ago