SHFE Copper Futures and Spot Prices Rose in Tandem

Published: Aug 28, 2026 09:55
[SMM Shanghai Spot Copper] Boosted by macro tailwinds and sentiment, coupled with continued destocking in copper social inventory, SHFE copper futures and spot prices rose in tandem. In early trading, the SHFE copper 2609 contract climbed again to above 109,000 yuan/mt, with spot premiums exceeding 500 yuan/mt (a new high for the year).

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