Rising Copper Prices Reduce New Orders, Downstream Raw Material Restocking [SMM North China Copper Spot]

Published: Jun 15, 2026 11:14

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In North China today, spot #1 copper cathode against the front-month contract was quoted at an average discount of 200–140 yuan/mt, with the average discount at 170 yuan/mt, up 30 yuan/mt from the previous trading day. The average transaction price was 105,605 yuan/mt, up 1,115 yuan/mt from the previous trading day.

SMM June 15 News:

Today, in North China, #1 copper cathode spot prices against the front-month contract were reported at an average discount of 200 yuan/mt to 140 yuan/mt, with an average discount of 170 yuan/mt, up 30 yuan/mt from the previous trading day. The average transaction price was 105,605 yuan/mt, up 1,115 yuan/mt from the previous trading day. With copper prices rebounding, new orders from downstream decreased. However, as downstream orders placed by copper semis enterprises after copper prices weakened last week were gradually picked up, enterprises restocked copper cathode raw material. Today, the procurement sentiment for copper cathode in North China was 2.01, down 0.01 from the previous trading day, and the shipment sentiment was 1.65, down 0.12 ().

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