Price Spread Between Delivery Month C Futures Contracts Widened, Willingness to Ship to Delivery Warehouse Increased; High Prices Suppressed Downstream, Plans to Shut Down Furnaces and Cut Production [SMM Shanghai Spot Copper]

Telah Terbit: Jun 3, 2026 14:08

Simpan

[SMM Shanghai Spot Copper] Copper price center shifted upward during the day, and downstream enterprise consumption weakened. According to SMM, Shanghai spot copper remained around 106,500 yuan/mt. End-user cargo pick-up slowed down, and some copper semis processing enterprises in east China planned to shut down furnaces and cut production due to finished product inventories buildup, indicating that high prices further intensified the suppression of demand. In addition, entering the delivery month, although copper prices remained at a relatively high level, the inter-month Contango price spread between futures contracts stayed at 160-100 yuan/mt, and suppliers' willingness to ship to delivery warehouses increased somewhat. They held prices firm and held back from selling, providing some support for spot discounts. As a result, both buying and selling sentiment pulled back during the day, and actual transactions were sluggish. Overall, supported by the widening price spread between futures contracts that encouraged suppliers to hold prices firm, combined with high copper prices suppressing demand, Shanghai spot copper prices against the SHFE copper 2606 contract are expected to remain at a discount tomorrow, with limited room for the discount to widen further.

Pernyataan Sumber Data: Kecuali informasi yang tersedia untuk publik, semua data lainnya diproses oleh SMM berdasarkan informasi publik, komunikasi pasar, dan mengandalkan model database internal SMM. Hanya untuk referensi dan tidak menjadi rekomendasi pengambilan keputusan.

Untuk pertanyaan atau informasi lebih lanjut, silakan hubungi: lemonzhao@smm.cn

Untuk informasi lebih lanjut tentang cara mengakses laporan penelitian kami, hubungi:service.en@smm.cn

Berita Terkait

8 menit yang lalu

Geopolitical Cooling Meets Sticky Inflation, Copper Prices Swing Wildly at Highs [SMM Macro Weekly Review]

Baca Selengkapnya

Geopolitical Cooling Meets Sticky Inflation, Copper Prices Swing Wildly at Highs [SMM Macro Weekly Review]

8 menit yang lalu

3 jam yang lalu

Permintaan Ganda Menguat, Pasar Copper Foil Akan Memasuki Siklus Naik di 2026 [Analisis SMM]

Baca Selengkapnya

Permintaan Ganda Menguat, Pasar Copper Foil Akan Memasuki Siklus Naik di 2026 [Analisis SMM]

Analisis SMM: Sejak Kuartal IV 2025, permintaan pengguna akhir di industri foil tembaga telah melonjak sepenuhnya, industri menunjukkan kemakmuran yang tinggi, dan biaya pemrosesan untuk berbagai spesifikasi foil tembaga terus meningkat secara stabil...

3 jam yang lalu

4 jam yang lalu

Stok Mencapai Titik Terendah Baru, Pemasok Aktif Menahan Harga Tetap Kokoh, Premi Melonjak Kumulatif Sebesar 230 yuan/mt Minggu Ini [SMM South China Spot Copper]

Baca Selengkapnya

Stok Mencapai Titik Terendah Baru, Pemasok Aktif Menahan Harga Tetap Kokoh, Premi Melonjak Kumulatif Sebesar 230 yuan/mt Minggu Ini [SMM South China Spot Copper]

4 jam yang lalu

Berita Terkait

Geopolitical Cooling Meets Sticky Inflation, Copper Prices Swing Wildly at Highs [SMM Macro Weekly Review]

Jun 12, 2026 16:05

Permintaan Ganda Menguat, Pasar Copper Foil Akan Memasuki Siklus Naik di 2026 [Analisis SMM]

Jun 12, 2026 13:07

Stok Mencapai Titik Terendah Baru, Pemasok Aktif Menahan Harga Tetap Kokoh, Premi Melonjak Kumulatif Sebesar 230 yuan/mt Minggu Ini [SMM South China Spot Copper]

Jun 12, 2026 11:34

Kenaikan harga tembaga meredam minat beli di sektor hilir, pasar kembali mendingin [SMM tembaga spot Tiongkok Utara]

Jun 12, 2026 11:23

Daftar untuk Lanjut Membaca

Dapatkan akses ke wawasan terkini tentang logam dan energi baru

Daftar di Sini

Sudah memiliki akun?masuk di sini