Imported goods arrive in port in Shanghai, significantly piling up in storage. The Shanghai copper market continues to remain quiet.

Spot premium and discount are still expected to face downward pressure. As the Spring Festival holiday approaches, market participation continues to decline, with most holders and downstream companies gradually entering holiday mode, resulting in a generally quiet trading atmosphere today. On the supply side, the price-locked imported sources from the previous import window remain arriving, with significant stockpiling in Shanghai today. On the demand side, due to the holiday approaching, downstream companies are generally on vacation, and purchasing demand continues to weaken. Overall, the market will remain quiet, and it is expected that the spot discount will continue to widen tomorrow. (Shanghai Nonferrous Metals Network)