Shanghai copper prices fall amid broad market selloff ahead of Chinese holiday

Shanghai copper prices fell Friday as investors exited before the Lunar New Year. Weakening physical demand and a broader tech selloff weighed on base metals.

洞察:
Copper prices on the Shanghai Futures Exchange fell by 1.97 percent on February 13, 2026, as investors in China CNCN liquidated their positions on the final trading day before a nine-day Lunar New Year holiday. This move triggered a broader sell-off across the SHFE base metals market , which includes copper, tin, nickel, aluminium, zinc, and lead. The timing of the holiday break is expected to significantly reduce trading liquidity and physical buying in the coming days.
Employees work at a copper smelter in Yantai, Shandong province, China, on April 26, 2023. REUTERS/Siyi Liu
Employees work at a copper smelter in Yantai, Shandong province, China, on April 26, 2023. REUTERS/Siyi Liu
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