Shanghai Spot Copper Premiums Rise as Supply Declines and Downstream Buying Improves

Published: Jun 11, 2026 10:00

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[SMM Shanghai spot copper] Approaching the delivery of the SHFE copper 2606 contract, coinciding with copper prices falling to the range of 103,300-104,000 yuan/mt, downstream purchasing sentiment improved. Against the backdrop of declines in both domestic and imported supplies, the Shanghai region continued destocking, and Shanghai spot copper premiums further rose intraday compared to yesterday. Currently, mainstream deliverable sources are hard to find at discount quotes.

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