Market Quotations Were Mixed on the Contract Rollover Day, and Overall Trading Was Relatively Subdued [SMM South China Spot Copper]

Published: Mar 16, 2026 11:32

Save

SMM News, March 12:

Today in Guangdong, spot prices for #1 copper cathode against the front-month contract were reported at a premium of 50 yuan/mt for high-quality copper, down 110 yuan/mt from last Friday; a discount of 10 yuan/mt for standard-quality copper, down 50 yuan/mt from last Friday; and a discount of 85 yuan/mt for SX-EW copper, down 85 yuan/mt from last Friday. The average price of Guangdong #1 copper cathode was 98,955 yuan/mt, down 1,640 yuan/mt from the previous trading day, while the average price of SX-EW copper was 98,850 yuan/mt, down 1,625 yuan/mt from the previous trading day.

Spot market: After the weekend, Guangdong inventory did not continue to decline, but instead increased slightly, mainly due to increased arrivals. As today was the contract rollover day, market quotations were mixed. Mainstream transaction prices for standard-quality copper were at a discount of 120 yuan/mt against the next-month contract, while transaction prices against the front-month contract were at a discount of 10 yuan/mt; overall trading was relatively quiet. Today, procurement sentiment for copper cathode in Guangdong was 2.32, down 0.08 from the previous trading day, and shipments sentiment was 3.01, down 0.29 from the previous trading day (historical data is available in the database).

Overall, market quotations were mixed on the contract rollover day, and overall trading was relatively quiet.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

NY Fed's Williams Affirms Steady Rates, Cautions War Risks Inflation and Economic Slowdown

New York Fed President Reaffirmed Stance of Holding Rates Steady, but Warned That a Prolonged War Could Simultaneously Push Up Inflation and Weigh on Economic Growth.Williams, President of the Federal Reserve Bank of New York and often referred to as the "third-ranking official" at the US Fed, said Thursday that the current monetary policy stance was "well positioned" to handle the risk of a sustained supply shock that could arise from the war in the Middle East. He warned that the conflict could push up inflation while suppressing economic activity, creating a dual pressure.

3 hours ago

KGHM CEO Seeks Mine Investments in Europe, Morocco to Secure Supply and Cut Costs

The CEO of copper producer KGHM stated that the company was seeking to invest in mines in Europe and Morocco to secure ore supply near its Polish smelting base and reduce logistics costs. In addition to its domestic assets in Poland, KGHM also operates the Robinson mine in the US and holds a 55% stake in the Sierra Gorda project in Chile. Last month, the company signed a memorandum on raw material cooperation with Morocco's National Office of Hydrocarbons and Mines and Moroccan mining company Managem Group.

3 hours ago

Pakistan Facilitates US-Iran Talks, Awaits Next Round Date; Hopes for Regional Peace

Pakistan's Foreign Ministry spokesperson Andrabi stated that the date for the next round of US-Iran talks had not yet been determined. Andrabi said that Pakistan was playing an important role between the US and Iran. Pakistan's efforts led to the successful conclusion of a ceasefire agreement between the US and Iran, and it was hoped that Lebanon and the region would return to peace.

3 hours ago