Copper prices broke above 109,000 yuan, cargoes with invoices dated this month were in tight supply, and the price spread widened.

Published: Aug 26, 2026 09:54

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According to SMM market communication, available cargoes in the market remain limited. Although copper prices broke through 109,000 yuan/mt again, any suitable cargoes reported in the spot market are quickly traded, with traders and downstream inquiries showing strong enthusiasm. Meanwhile, as month-end approaches, the supply of cargoes with invoices dated this month has become even tighter. Some suppliers still have demand to cover their month-end invoices, making the offers for cargoes with invoices dated this month notably firm, further widening the price spread between cargoes with invoices dated this month and next month to 60-100 yuan/mt.

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