SHFE Copper Prices Plummet, Import Losses Exceed 1,000 Yuan/mt

Published: Jun 3, 2025 13:55

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In the early morning session, the SHFE copper 2506 contract rapidly declined from 78,500 yuan/mt, then continued to fall below 78,200 yuan/mt. In the afternoon session, copper prices plummeted straight to 77,700 yuan/mt. The price spread between futures contracts for the next month (BACK) fluctuated only within 280 yuan/mt. The import loss for the current month's SHFE copper exceeded 1,000 yuan per mt. Keep a close eye on the export situation of smelters.

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