Copper prices and inventory both declined, overall trading was slightly better than last Friday [SMM South China Spot Copper]

Published: Jun 8, 2026 11:27

Save

SMM, June 8:

Guangdong #1 copper cathode spot against the front-month contract: high-quality copper was quoted at a premium of 60 yuan/mt, up 10 yuan/mt from the previous trading day; standard-quality copper was quoted at a discount of 10 yuan/mt, up 10 yuan/mt; and SX-EW copper was quoted at a discount of 60 yuan/mt, up 10 yuan/mt. The average price of Guangdong #1 copper cathode was 103,945 yuan/mt, down 1,390 yuan/mt from the previous trading day, and the average price of SX-EW copper was 103,860 yuan/mt, down 1,390 yuan/mt.

Spot market: Guangdong inventory continued to decline today, marking the fifth consecutive day of decline, mainly due to still-low arrivals and recovering consumption. Copper prices and inventory both declined. Suppliers took the initiative to hold prices firm and sell. Spot premiums rose but with limited gains, as downstream players remained bearish on copper prices and were reluctant to replenish stocks. Guangdong's copper cathode procurement sentiment stood at 1.73 today, up 0.18 from the previous trading day, and shipment sentiment stood at 2.94, up 0.11 (historical data can be accessed via the database).

Overall, copper prices and inventory both declined, suppliers held prices firm and sold, and overall trading was slightly better than last Friday.

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 for 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

10 hours ago

[SMM Flash]June 2026 China Sulphur & Sulphuric Acid Trade Summary

In June 2026, China's total sulphur imports amounted to approximately 195,000 metric tons (mt), down 27.3% month-on-month and down 81.1% year-on-year, originated primarily from Canada, South Korea, Japan, the UAE, Brunei, Singapore, and Kazakhstan. China's total sulphur exports amounted to approximately 238 mt, down 56.5% month-on-month, with major destinations including Myanmar, Indonesia, Vietnam, and North Korea. China's total sulphuric acid imports amounted to approximately 3,000 mt (reference value, subject to final customs data), sourced primarily from Taiwan, China, South Korea, Japan, Germany, and the United States. China's total sulphuric acid exports amounted to approximately 16,000 mt, down 84.5% month-on-month and down 96.0% year-on-year, with major destinations including Indonesia, Vietnam, Thailand, Cambodia, Tanzania, and Togo.

10 hours ago

General Administration of Customs: China's Copper Ore and Concentrates Imports Up 0.03% YoY in June, A Breakdown of Import and Export Data

10 hours ago

11 hours ago

General Administration of Customs: China’s June Copper Cathode Imports Down 1.18% YoY, Breakdown of Import and Export Data

11 hours ago