Tight Market Supply, Spot Premiums Continued to Rise [SMM North China Spot Copper]

Published: Mar 11, 2026 11:26

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Spot #1 copper cathode in North China today was quoted at discounts of 100 yuan/mt to premiums of 20 yuan/mt against the front-month contract, with the average premium/discount up 60 yuan/mt from the previous trading day. The average transaction price was 101,235 yuan/mt, down 70 yuan/mt from the previous trading day.

SMM News, March 11:

Today, spot #1 copper cathode in North China was quoted at a discount of 100 yuan/mt to a premium of 20 yuan/mt against the front-month contract, with the average price up 60 yuan/mt from the previous trading day. The average transaction price was 101,235 yuan/mt, down 70 yuan/mt from the previous trading day. Recently, concentrated procurement by downstream buyers caused a supply deficit in northern spot supply. Coupled with the approaching delivery date, spot premiums continued to rise. Today, the purchasing sentiment for copper cathode in North China was 3.07, down 0.34 from the previous trading day, and the shipments sentiment was 1.78, down 0.91 from the previous trading day ().

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