Shanghai copper spot market report on September 3rd: The market continues to rise, and it is difficult for brands to have price differences

Update：3/16/2025 2:56:08 PM

SMM News on September 3rd: Today, Shanghai electrolytic copper spot trading reported a premium of 70 to 110 yuan/ton for the current month's contract, with a transaction price of 46470 yuan/ton to 46510 yuan/ton for flat copper and 46490 yuan/ton to 46530 yuan/ton for premium copper. Shanghai copper futures continue to be under pressure and decline to the level of 46400 yuan/ton. The market continues with yesterday's quotation of a premium of 70 to 110 yuan/ton. Good copper transactions are concentrated around a premium of 100 yuan/ton, with some good copper sources quickly trading at a premium of as low as 90 yuan/ton. Fair copper goods are actively trading at a premium of 70 yuan/ton, but after 10 o'clock, it is difficult to find a fair copper premium of 70 yuan/ton. The market is rising at a premium of 80 to 90 yuan/ton, and wet copper is following the market's upward quotation of around 30 yuan/ton. Copper futures have slightly declined, and although traders have the willingness to accept goods at low prices, there is limited room for price pressure. Spot prices remain stable, and good copper prices are limited when they rise above 100 yuan/ton. Flat copper prices are strong, and it is difficult for brands to have price differences. Holders' willingness to raise prices remains unchanged. Today's transactions are still led by traders, and the market is showing signs of a tug of war.

[Reproduction requires retaining the source - Shanghai Nonferrous Network]