SHFE Copper Prices Fluctuate with Narrowing Future Spread; Eyes on Smelter Export Trends

Published: Jun 4, 2025 16:54

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In the morning session, SHFE copper prices fluctuated mainly around 78,380 yuan/mt, touching 78,400 yuan/mt multiple times. After briefly surging to 78,480 yuan/mt in the morning, prices pulled back. The price spread between futures contracts for the next month narrowed from BACK 200 yuan/mt to 150 yuan/mt during the day. The import loss for the current month's SHFE copper exceeded 1,300 yuan/mt. Keep a close eye on the export trends of smelters.

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