Invoice Shortage Drove Shanghai Spot Copper Premiums From Discount to Premium

Published: Apr 24, 2026 10:27

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Due to a shortage of invoices dated this month at the trade end, suppliers generally raised their offer prices for cargoes with invoices dated this month, causing Shanghai spot copper premiums to shift from discounts to premiums within the day, while the transaction center for cargoes with invoices dated this month also moved higher.

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