LME copper price continues to decline, downstream inventory replenishment transactions are smooth

K-LinePoet · 2026-04-10T14:21:21+00:00

The intraday Shanghai Copper April 2604 contract continued to decline to 95,500-96,000 yuan/ton, but downstream companies' restocking demand increased, and holders maintained stable quotes. Overall transactions were smooth, and corporate purchasing willingness strengthened.

K-LinePoet

2026-04-10 14:21:21

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The intraday Shanghai copper 2604 contract continued its decline, with the trading range further lowering to 95,500-96,000 yuan/ton. Copper prices’ center of gravity continued to decline, stimulating downstream companies’ restocking demand. Merchants holding inventory responded by maintaining their prices, with the same-level copper quotes for JCC, Lufang, and others at par, while other brands such as Tiefeng, OLYDA, and Zijin were traded at a discount of 40 yuan/ton to 20 yuan/ton, with overall smooth trading activity. According to SMM, most downstream companies experienced a significant increase in order volume compared to earlier, and terminal pickup enthusiasm has improved. The price correction has made copper more attractive to enterprises, and their willingness to purchase on dips is strong. (SMM)

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