High Copper Prices Hindered Consumption, Market Transactions Weakened [SMM North China Spot Copper]

Published: Apr 16, 2026 11:16

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Today, #1 copper cathode spot prices in North China against the front-month contract were reported at an average discount of 140 yuan/mt, with the average price down 40 yuan/mt from the previous trading day. The average transaction price was 102,195 yuan/mt, down 330 yuan/mt from the previous trading day.

SMM April 16:

Today, spot #1 copper cathode in North China was reported at an average discount of 140 yuan/mt against the front-month contract. The average price fell 40 yuan/mt from the previous trading day, and the average transaction price was 102,195 yuan/mt, down 330 yuan/mt from the previous trading day. Copper prices fluctuating at highs hindered consumption in the north, market transactions weakened, and spot premiums were under pressure. Today, the purchasing sentiment for copper cathode in North China was 1.18, down 0.03 from the previous trading day, and the shipments sentiment was 1.59, down 0.02 from the previous trading day ().

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