SunSirs: Copper Prices Hit New Highs This Year

According to Securities Times, copper prices have continued to climb this year, with Shanghai copper futures recently surpassing 86,000 yuan per ton—a multi-year high. Fluctuations in this key industrial raw material have sent shockwaves through downstream manufacturing enterprises.

In recent years, global supply chain disruptions and macroeconomic policy shifts have intensified price volatility in copper and silver, posing challenges to corporate stability. Based on the fundamental assessment of a “tight supply-demand balance with limited downside potential” in the copper market, prices are expected to fluctuate within the range of RMB 77,000 to 82,000 per ton.

Copper's downstream applications span power generation, construction, home appliances, transportation, electronics, and other industries, cementing its status as a core industrial material. Since the start of this year, Shanghai copper futures have also experienced a significant rally, climbing from a low of approximately RMB 72,000  per ton in early April to over RMB 86,000  per ton by early November.

As an integrated internet platform providing benchmark prices, on November 24, the benchmark price of copper on the business information platform was 85,891.67 RMB/ton, a decrease of 1.94% compared with the beginning of the month (87,595.00 RMB /ton).

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

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