Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
Spot copper trades subdued at month-end despite lower prices
Downstream consumers were on the sidelines at the end of a month, and the situation may improve on Friday Nov 1
SHANGHAI, Oct 31 (SMM) – Spot copper suppliers, buyers remained in a deadlock on the morning of Thursday October 31 even as furthers prices slipped.
Quotes of spot cargoes were stuck at a discount of 10 yuan/mt to a premium of 20 yuan/mt, little changed from the previous morning. Sufficient supplies sent discounts of hydro-copper to as wide as 60 yuan/mt at noon of October 31.
Downstream consumers were on the sidelines at the end of a month, and the situation may improve on Friday November 1.
On October 31, the SHFE November contract weakened on a potential delay in US-China trade deal, ending the morning trading session 0.36% lower at 47,230 yuan/mt.
At noon on October 31, high-grade copper traded at 47,180-47,240 yuan/mt and standard-quality copper traded at 47,160-47,220 yuan/mt.
Market commentary
Futures movement
Spot copper
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
Data: SHFE, DCE market movement (Aug 17)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on August 17, 2021
Aug 17, 2021 15:20
Data: SHFE, DCE market movement (Dec 11)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on December 11, 2020
Dec 11, 2020 15:19Data: SHFE, DCE market movement (Dec 2)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on December 2, 2020
Dec 2, 2020 15:22Data: SHFE, DCE market movement (Oct 23)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on October 23, 2020
Oct 23, 2020 15:19Spot copper offers failed to stay at premiums amid cautious buyers
Downstream demand came less strong than expected on the back of elevated copper futures
Dec 17, 2019 13:56
Robust copper futures depressed spot premiums and trades
SMM sees further downsides in spot offers, which may flip to discounts across the board
Dec 10, 2019 14:09
SMM Events & Webinars
All- Sep15
NET ZERO CHINA Field Trip
Sep 15 - 19,2025中国
- Sep16
SMM Indonesia Seminar: Li-ion Battery & Energy Storage
Sep 16 - 16,2025Jakarta, Indonesia
- Sep26
2025 ASIA BATTERY MATERIAL COOPERATION SALON
Sep 26 - 26,2025Time：9.26 2025 Place：Seoul， South KoreaSeoul， South Korea
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.
