The holiday atmosphere is strong, and trading in the Shandong market is sluggish.

Published: Feb 12, 2026 16:31

Save

The spot copper market in Shandong has entered the Chinese New Year holiday period. Downstream enterprises in the province have completed pre-holiday stockpiling based on orders and holiday arrangements. Coupled with tightening logistics capacity, overall market trading is sluggish. As of Thursday, the average spot premiums/discounts were reported at a discount of 270 yuan/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

8 mins ago

Pre-Holiday Copper Cathode Inventory Buildup Hits Four-Year Low as Supply Tightens and Demand Shows Resilience

【SMM Analysis: Pre-Holiday Copper Cathode Inventory Buildup Hits Four-Year Low, Supply Tightens, Demand Shows Resilience】Ahead of the Chinese New Year this year, the copper cathode inventory buildup process slowed down significantly......

8 mins ago

42 mins ago

Chinese New Year Holiday Approaches, Brass Billet Operating Rate Pulls Back MoM

[SMM Brass Billet Express] This week (February 6–February 12), the operating rate of the brass billet industry fell 6.09 percentage points MoM to 40.31%, and production activity pulled back. As the Chinese New Year holiday approached, new orders from downstream sectors cooled significantly, and enterprise production pace continued to slow down. The industry will fully enter holiday mode next week, and the operating rate is expected to drop to 0%. Attention will be paid to post-holiday work resumption and demand recovery.

42 mins ago

1 hour ago

Concentrated Holidays Ahead of Chinese New Year, Brass Billet Operating Rate Pulls Back MoM [SMM Brass Billet Market Weekly Review]

1 hour ago