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Shanghai Copper Market Faces Decline Amid Weak Demand

7/12/2025

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Summary

Story summary

Shanghai copper market experiences declining spot premiums, projected to stabilize between 150-200 yuan/mt after rollover.
Weak consumption continues, with limited industrial buying despite improved sentiment.
Traders are offloading inventory and making selective purchases amid demand recovery uncertainty.
Import dynamics and currency fluctuations impact premium movements, while technical factors suggest potential market consolidation.

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Story summary

Shanghai copper market experiences declining spot premiums, projected to stabilize between 150-200 yuan/mt after rollover.
Weak consumption continues, with limited industrial buying despite improved sentiment.
Traders are offloading inventory and making selective purchases amid demand recovery uncertainty.
Import dynamics and currency fluctuations impact premium movements, while technical factors suggest potential market consolidation.