Trading Day of February Spot premiums/discounts operated at low levels [SMM North China spot copper]

Published: Feb 27, 2026 11:44

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In North China today, spot #1 copper cathode prices against the front-month contract were at a discount of 500-420 yuan/mt, with an average discount of 460 yuan/mt, unchanged from the previous trading day. Transaction prices ranged from 101,530-102,030 yuan/mt, with an average of 101,780 yuan/mt, down 210 yuan/mt from the previous trading day.

SMM February 27 news:

Today, spot premiums/discounts for #1 copper cathode against the front-month contract in North China were at a discount of 500-420 yuan/mt, with an average discount of 460 yuan/mt, unchanged from the previous trading day. Transaction prices were 101,530-102,030 yuan/mt, with an average price of 101,780 yuan/mt, down 210 yuan/mt from the previous trading day. As next week enters March, downstream enterprises are expected to resume production and restock, and spot premiums/discounts may see some recovery. Today, the procurement sentiment for copper cathode in North China was 1.45, up 0.37 from the previous trading day, and the shipment sentiment was 1.65, up 0.34 from the previous trading day ().

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