SHANGHAI, Dec 22 (SMM)－ Spot copper in Shanghai saw discounts go deeper since last Friday as sellers were keen to destock toward the year-end.
Transactions, however, remained few and far between as downstream customers were unwilling to take move with SHFE copper climbing to 53,500 yuan/mt.
SMM expects the spot discount to be stable next week as the year draws to a close.
For news cooperation, please contact us by email: gaotian@smm.cn or service.en@smm.cn.
![Pre-holiday stockpiling lifts wire and cable operating rates this week; holiday approaching, production expected to pull back next week [SMM Wire and Cable Market Weekly Review]](https://imgqn.smm.cn/usercenter/ZroQZ20251217171712.jpg)
![L'offre restreinte fait grimper les primes, les prix élevés limitent les transactions au comptant [Revue hebdomadaire SMM du cuivre cathodique au comptant en Chine du Nord]](https://imgqn.smm.cn/usercenter/HaNSH20251217171714.jpeg)
![2026 National Day Holiday Survey on Copper Processing Enterprises' Shutdowns—Enamelled Wire [SMM Analysis]](https://imgqn.smm.cn/usercenter/HeIuV20251217171708.jpg)
