Copper Prices Rebounded as Demand Cooled, and Spot Premiums Declined [SMM North China Spot Copper]

Published: Mar 24, 2026 11:30

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Spot #1 copper cathode in North China was quoted at discounts of 110-50 yuan/mt against the front-month contract today, with the average quote down 50 yuan/mt from the previous trading day. The average transaction price was 93,960 yuan/mt, up 1,120 yuan/mt from the previous trading day.

SMM News, March 24:

Today, spot #1 copper cathode in North China was quoted at a discount of 110 yuan/mt to a discount of 50 yuan/mt against the front-month contract, with the average price down 50 yuan/mt from the previous trading day. The average transaction price was 93,960 yuan/mt, up 1,120 yuan/mt from the previous trading day. Copper prices rebounded today. As downstream buyers had previously restocked at low prices, demand weakened today. Today, the copper cathode procurement sentiment in North China was 2.24, down 0.44 from the previous trading day, and the shipments sentiment was 2.59, down 0.18 from the previous trading day ().

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