SMM Copper Market Daily Review (2015-4-8)

Published: Apr 9, 2015 09:02

Save

The most active SHFE copper contract declined soon after starting on Wednesday, and touched a low of RMB 43,360/mt.

SHANGHAI, Apr. 9 (SMM) – SHFE 1506 copper contract gapped higher at RMB 43,550/mt during night session Tuesday, and touched a high of RMB 43,820/mt before ending at RMB 43,700/mt, up RMB 250/mt. Positions fell by 1,796 and trading volumes were around 130,000 lots.

The most active SHFE copper contract declined soon after starting on Wednesday, and touched a low of RMB 43,360/mt. In the afternoon, the red metal rallied to RMB 43,500/mt with Chinese stocks approaching 4,000, and closed the daytime trading at RMB 43,460/mt. Positions in the most active contract fell by 3,246, and trading volumes increased 156,000 lots.

Spot copper in Shanghai market quoted at premiums of RMB 30-60/mt to SHFE 1504 copper contract Wednesday morning. Prices are RMB 43,520-43,620/mt for standard-quality copper and RMB 43,540-43,640/mt for high-quality copper.

Trading activities declined in copper market with caution looming. A few traders continued to source goods in the market. Quotations for hydro-copper were rarely heard, while price offers for standard-quality copper moved higher. Downstream producers mostly watched from the sidelines in the morning, but started buying in the afternoon, pushing premiums up to RMB 40-70/mt.

SHFE copper spot copper prices

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 for 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

7 hours ago

[SMM Analysis] Detailed Data on China's Sulphuric Acid Production in August

NBS data shows that China's sulphuric acid (100% equivalent) production in August was 7.984 million mt, down 308,000 mt from 7.676 million mt in July, a YoY decline of 15.5%. The cumulative production of sulphuric acid (100% equivalent) in 2026 was 68.141 million mt, a cumulative YoY decline of 4.6%.

7 hours ago

12 hours ago

[SMM Flash] China's Sulphuric Acid Production Data for August

NBS data shows that China's sulphuric acid (100% equivalent) production in August was 7.984 million mt, down 308,000 mt from 7.676 million mt in July, a YoY decrease of 15.5%. The cumulative production of sulphuric acid (100% equivalent) in 2026 was 68.141 million mt, a cumulative YoY decrease of 4.6%. The top five regions by production were Yunnan province (1.1927 million mt), Anhui province (698,700 mt), Shandong province (680,600 mt), Henan province (570,200 mt), and Guangxi Zhuang Autonomous Region (568,800 mt). For detailed data, please refer to SMM Data.

12 hours ago

[SMM Analysis] China Sulphur and Sulphuric Acid Import and Export Data for August

In August 2026, China's total monthly sulphur imports were 272,323.414 mt in physical content, down 29.34% MoM and down 65.03% YoY, with the main import sources being the UAE, South Korea, Canada, Japan, Kazakhstan, Vietnam, Singapore, and the Philippines. China's total monthly sulphur exports were 48 mt in physical content, down 96.34% MoM and up 26.32% YoY, with the main export destinations being Indonesia and South Korea. China's total monthly sulphuric acid imports were 9,938.436 mt in physical content, up 831.85% MoM and up 1,051.37% YoY, with the main import sources being South Korea, Taiwan, China, Germany, and the US. China's total monthly sulphuric acid exports were 2,474.46 mt in physical content, up 153.47% MoM and down 99.43% YoY, with the main export destinations being Angola, Ghana, Cambodia, Hong Kong, China, Vietnam, Singapore, Malaysia, and Tanzania.

12 hours ago