Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
The Shanghai-Guangdong price spread is widening, and Shanghai copper may remain at a discount tomorrow.
Looking ahead to tomorrow, from the regional price difference perspective, the intra-day Shanghai-Guangdong price spread has further widened compared to yesterday, reaching 200 yuan/ton, opening a theoretical arbitrage window. On the demand side, after the copper price’s continuous decline, downstream purchasing sentiment has slightly improved, but overall it remains mainly driven by just-in-time demand. Overall, under the combined influence of cross-region arbitrage diversion and the support of the monthly spread structure, it is expected that the Shanghai copper spot price will continue to trade at a discount to the 2605 contract tomorrow. Future attention should be paid to the transmission effect of Guangdong’s premium trend on the East China market. (SMM)