Shanghai Copper Spot Market Report on August 20th

Update：3/16/2025 2:54:37 PM

SMM, August 20th News: Today, Shanghai electrolytic copper spot trading reported a premium of 50~80 yuan/ton for the current month's contract, with a transaction price of 46610 yuan/ton~46680 yuan/ton for flat copper and 46630 yuan/ton~46700 yuan/ton for premium copper. The center of gravity of Shanghai copper futures has shifted to around the 46600 yuan/ton line. In the morning market, holders of goods quoted a premium of 60 to 80 yuan/ton, while good copper holders remained persistent and maintained a premium of around 70 to 80 yuan/ton. Traders intended to receive goods at a low price, but there was little room for price reduction. Flat copper sources were concentrated at a premium of 50 to 60 yuan/ton for transactions; Wet copper is priced around a premium of 20 yuan/ton, while downstream demand remains high. Traders have a willingness to raise prices, but there is sufficient supply of goods, and the market mostly remains cautious and watchful. Holders of goods offer stable prices, while spot prices continue to remain stagnant.

[Reproduction requires retaining the source - Shanghai Nonferrous Network]