NewsFlash / Copper / SHFE Copper Futures Surge, Curtailing Downstream Procurement Amid Inventory Depletion
SHFE Copper Futures Surge, Curtailing Downstream Procurement Amid Inventory Depletion
iconApr 23, 2025 14:05
Source:SMM
The SHFE copper futures rose above 78,000 yuan/mt, suppressing downstream procurement sentiment during the day, leading to a decline in procurement volume. However, due to continuous inventory depletion, suppliers remained optimistic about premiums, maintaining firm offers. It is expected that transactions will still be at premiums above 150 yuan/mt tomorrow.

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