Last Trading Day Before the Holiday, Downstream Stockpiling on Demand [SMM North China Spot Copper]

Published: Apr 30, 2026 11:12

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Today, #1 copper cathode spot prices in North China against the front-month contract were reported at a discount of 200 yuan/mt to a discount of 100 yuan/mt, with the average discount of 150 yuan/mt down 10 yuan/mt from the previous trading day. The average transaction price was 101,150 yuan/mt, down 225 yuan/mt from the previous trading day.

SMM April 30:

Today, #1 copper cathode spot prices in North China against the front-month contract were reported at a discount of 200 yuan/mt to a discount of 100 yuan/mt, with an average discount of 150 yuan/mt, down 10 yuan/mt from the previous trading day. The average transaction price was 101,150 yuan/mt, down 225 yuan/mt from the previous trading day. On the last trading day before the Labour Day holiday, downstream enterprises stockpiled on demand as copper prices weakened. However, overall, most downstream processing enterprises had holiday and maintenance arrangements for this year's Labour Day holiday, and pre-holiday demand in the North China market was relatively mediocre. Today, the copper cathode procurement sentiment in North China was 1.96, up 0.11 from the previous trading day, and the shipments sentiment was 2.17, up 0.16 from the previous trading day ().

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