SHFE Copper Futures: Warrant Decline and Widened Price Spread

Published: Jun 12, 2025 18:05

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According to SHFE data, the number of warrants for copper futures decreased by 588 mt during the day, with the current total volume at 32,785 mt. Currently, the open interest for the front-month contract of SHFE copper futures stands at 18,605 lots; there is a significant discrepancy between the corresponding delivery volume and the existing delivery volume. Copper prices fell during the day, and the price spread between futures contracts (BACK) for SHFE copper widened significantly in the afternoon trading session.

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