Countdown to the Holiday, Spot Market Enters Holiday Mode [SMM North China Spot Copper]

Published: Feb 12, 2026 11:20

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Today in North China, spot #1 copper cathode prices against the front-month contract were at a discount of 380-160 yuan/mt, with an average discount of 270 yuan/mt, unchanged from the previous trading day. Transaction prices ranged from 101,560 to 102,100 yuan/mt, with an average of 101,830 yuan/mt, up 735 yuan/mt from the previous trading day.

SMM February 12:

In North China today, spot prices of #1 copper cathode against the front-month contract were at a discount of 380-160 yuan/mt, with an average discount of 270 yuan/mt, unchanged from the previous trading day. Transaction prices were 101,560-102,100 yuan/mt, with an average of 101,830 yuan/mt, up 735 yuan/mt from the previous trading day. As road transport was suspended today, the spot market entered a holiday state. In North China today, the procurement sentiment for copper cathode was 1.02, down 0.19 from the previous trading day, while the shipment sentiment was 1.02, down 0.22 from the previous trading day ().

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