First Day After the Holiday, Copper Prices Rose but Restocking Demand Was Mediocre [SMM North China Spot Copper]

Published: May 6, 2026 11:28

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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 200 yuan/mt to a discount of 100 yuan/mt, with the average discount of 150 yuan/mt unchanged from the previous trading day. The average transaction price was 102,280 yuan/mt, up 1,130 yuan/mt from the previous trading day.

SMM May 6 News:

Today in North China, #1 copper cathode spot prices 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, unchanged from the previous trading day. The average transaction price was 102,280 yuan/mt, up 1,130 yuan/mt from the previous trading day. After the holiday, due to rising copper prices, downstream restocking demand was mediocre, and upstream suppliers with accumulated inventory offered appropriate concessions on shipments. Today in North China, the copper cathode purchasing sentiment was 1.98, up 0.02 from the previous trading day, and the shipment sentiment was 2.52, up 0.35 from the previous trading day ().

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