SHFE Copper Soars Over 2,500 Yuan/mt; Spot Market Sentiment Weak Amid Price Surge

Published: Sep 25, 2025 11:27

Save

【SMM Shanghai Spot Copper】 SHFE copper surged by over 2,500 yuan/mt. During the morning trading session, the most-traded SHFE copper contract briefly dipped to 82,160 yuan/mt before rising continuously, climbing strongly with increased positions to a peak of 82,980 yuan/mt, nearly breaking through the 83,000 yuan/mt mark. Amid the sharp rise in copper prices, trading sentiment in the spot market remained weak. Sellers, considering margin calls and the opening of the export window, which is expected to boost export plans for domestic smelters, showed reduced willingness to sell. Downstream copper-consuming enterprises saw almost no new orders during the day, and pre-holiday stockpiling for the National Day also appeared sluggish. Transactions were mainly supported by just-in-time procurement. Spot copper premiums and discounts in Shanghai did not decline significantly during the day and are expected to continue trading at a slight discount tomorrow.

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 to learn 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

2 hours ago

BC Copper Fluctuated and Closed Up 0.67% as Geopolitical Disruptions Combined with Weakening US Dollar Index [SMM BC Copper Commentary]

2 hours ago

4 hours ago

Cathode Spot Premiums in North China Came Under Pressure

[SMM North China Copper Cathode Spot Market] As the center of copper prices shifted upward, downstream consumption of copper cathode in north China gradually slowed down, operating levels at the processing end weakened, spot premiums came under pressure on the upside, and the price spread between spot premiums in north China and east China tended to return to normal levels.

4 hours ago

Data: SHFE, DCE market movement (Apr 09)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 09 Apr , 2026

4 hours ago