Sellers' willingness to sell rises alongside shipments; spot premiums in North China continue to pull back [SMM North China spot copper]

Published: Sep 4, 2026 11:56

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Spot copper in North China was quoted at a premium of 50-130 yuan/mt against the front-month contract, with an average premium of 90 yuan/mt, down 30 yuan/mt from the previous trading day. The average transaction price was 109,775 yuan/mt, up 575 yuan/mt from the previous trading day.

SMM News on September 4:

Today, in North China, spot #1 copper cathode prices against the front-month contract were quoted at a premium of 50–130 yuan/mt, with the average premium at 90 yuan/mt, down 30 yuan/mt from the previous trading day. The average transaction price was 109,775 yuan/mt, up 575 yuan/mt from the previous trading day. Copper prices stayed high, and suppliers’ willingness to sell increased. After premiums pulled back to an appropriate range, some rigid demand was released. Spot premiums in North China edged down, and market activity rebounded from yesterday. Today, in North China, sentiment for copper cathode procurement was 1.32, up 0.04 from the previous trading day, while sentiment for shipments was 2.68, up 0.07 from the previous trading day. ().

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