SMM, April 22: the current contract of electrolytic copper in North China today rose 250 yuan / ton to 330 yuan / ton, with a transaction price of 41050 yuan / ton to 41480 yuan / ton. Increased concerns in the crude oil market, dragging down commodities, Shanghai copper fell below the EMA support, down more than 1,000 yuan, down 2.45%, fell to around 40800 yuan / ton, the market fell sharply under the traders' willingness to raise prices, quotation rose 300 ~ 350 yuan / ton, individual smelters traded in the rising water 300 yuan / ton, copper futures fell, there are appropriate bargain replenishment downstream.

![SHFE/LME price ratio weakens, spot premiums fall [SMM Yangshan spot copper]](https://imgqn.smm.cn/usercenter/AbRbz20251217171711.jpg)
![High copper prices combined with weak supply and demand keep SHFE copper spot premiums falling under pressure [SMM SHFE Copper Spot]](https://imgqn.smm.cn/usercenter/HeIuV20251217171708.jpg)