Shanghai Copper Spot Market Report on May 16th

Update：3/16/2025 2:52:20 PM

SMM May 16th News: Today, Shanghai electrolytic copper spot trading reported a premium of 30 to 120 yuan/ton for the current month's contract, with a transaction price of 47730 yuan/ton to 47820 yuan/ton for flat copper and 47800 yuan/ton to 47900 yuan/ton for premium copper. Today, the non-ferrous sector showed a general rise and a floating red trend, with Shanghai copper futures slightly rising to 47700 yuan/ton. At the beginning of the trading session, the holders of goods intended to raise their prices, offering a premium of 40-120 yuan/ton. However, the market atmosphere for receiving goods was not positive enough, and some holders no longer insisted on actively relaxing their prices. The price of good copper was lowered to 100-110 yuan/ton, and traders could lower their prices and accept goods as low as 90 yuan/ton, with a flat copper premium of 30 yuan/ton. Only a few traders lowered their quotation levels for brands such as ISA. Today's downstream performance was not as good as the previous two days, and wet copper remained stable at a premium of 30-10 yuan/ton due to limited supply. Copper futures rose and the market remained cautious, but most holders still showed a clear willingness to raise prices, highlighting a stalemate in the market. Whether it is possible to break the bargaining power of the seller in pricing still depends on the guidance of subsequent changes in copper supply and the entry status of imported copper into the market.

[Source: Shanghai Nonferrous Network]