High copper prices suppress Shanghai spot copper trades, making transactions difficult.

Published: Jun 16, 2026 09:50 (GMT+8)

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[SMM Shanghai spot copper] During the day, copper prices pulled back, falling to around 104,800 yuan/mt, but remained at a relatively high level. Under the pressure of high copper prices, Shanghai spot copper trading was thin, and premiums widened slightly. Suppliers in Shanghai lowered their offers from a premium of 20 yuan/mt to parity, but transactions remained difficult. Available cargoes in Changzhou were tight, and some deals were done at a premium of 20 yuan/mt.

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