Finding copper in China has become difficult: Buyers are paying record price premiums
Original headlineÇin'de bakır bulmak zorlaştı: Alıcılar rekor fiyat farkı ödüyor
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Physical copper premiums in China surged to a record 2,615 yuan per tonne as buyers scrambled for scarce metal despite falling prices. The imported copper premium reached $220 per tonne while Shanghai exchange inventories dropped to 33,848 tonnes. The widening premium signals tightening physical supply in the world's largest copper consumer even as benchmark prices decline. Traders and manufacturers are paying up to secure delivery, underscoring a disconnect between paper prices and spot availability. Market participants will watch whether Shanghai stocks rebuild and whether the elevated premium persists, as it could pressure Chinese fabricators' margins and prompt higher imports.
Muhabbit's AI wrote this summary in its own words from Dünya's report and translated it from Turkish. It can get details wrong, so check the source.
Named in this story
China, copper, Shanghai Futures Exchange