Shanghai Metal Market: Shanghai Copper fluctuates and trades normally; spot transactions are average.

K-LinePoet · 2026-04-08T18:48:08+00:00

Today in Shanghai Metal Network, #1 electrolytic copper prices have risen slightly, with an average price of 96,630 RMB/ton. Spot market transactions are moderate, copper prices are fluctuating, and upstream demand is cautious after the holiday. Supply is relatively ample, and the premium support is limited.

K-LinePoet

2026-04-08 18:48:08

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Today, Shanghai Metals Market’s #1 electrolytic copper quote is 96,420–96,840 yuan/ton, with an average price of 96,630 yuan/ton. Compared with the previous trading day, it is up by 505 yuan/ton. For the SHFE copper 2604 contract, it is quoted at a discount of 60–at-par yuan/ton. This morning, copper prices traded in a slightly strong range-bound pattern. As of the noon close, the SHFE copper main contract is up 400 yuan/ton, up 0.42%. Today, spot market trading is average; copper price movements are volatile. Downstream demand is consumption on an as-needed basis after the holiday, with no obvious incremental increase. The spot market is relatively well supplied, and price premium support is limited. As of the midday close, this website’s quote for premium copper is a discount of 30–at-par yuan/ton; for at-par copper it is a discount of 60 to a discount of 40 yuan/ton. For wet-process copper, it is a discount of 110 to a discount of 90 yuan/ton. For non-registered copper, it is a discount of 160 to a discount of 140 yuan/ton. (SHMET)

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