Demand Continued to Show Weakness with Low Market Activity [SMM North China Spot Copper]

Published: May 26, 2026 11:13

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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 360 yuan/mt to a discount of 280 yuan/mt, unchanged from the previous trading day. The average transaction price was 104,495 yuan/mt, down 735 yuan/mt from the previous trading day.

SMM May 26 update:

Spot #1 copper cathode prices against the front-month contract in North China were reported at an average discount of 360 yuan/mt to a discount of 280 yuan/mt, unchanged from the previous trading day, with the average transaction price at 104,495 yuan/mt, down 735 yuan/mt from the previous trading day. Demand in North China continued to be weak. However, some suppliers ended their efforts to clear inventory today, and market trading activity was subdued. The purchasing sentiment for copper cathode in North China was 1.57, up 0.02 from the previous trading day, while the shipments sentiment was 2.13, down 0.38 from the previous trading day ().

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