Suppliers Concentrated Shipments, Spot Premiums Continued to Decline [SMM North China Spot Copper]

Published: May 22, 2026 11:24

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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 350 yuan/mt to a discount of 270 yuan/mt, with the average discount of 310 yuan/mt down 50 yuan/mt from the previous trading day. The average transaction price was 104,195 yuan/mt, down 590 yuan/mt from the previous trading day.

SMM May 22:

Today, spot #1 copper cathode prices against the front-month contract in North China were reported at an average discount of 350 yuan/mt to a discount of 270 yuan/mt, with the average discount of 310 yuan/mt down 50 yuan/mt from the previous trading day, and the average transaction price at 104,195 yuan/mt, down 590 yuan/mt from the previous trading day. As the month-end period approached, suppliers made concentrated shipments, and with downstream consumption showing no improvement, spot premiums continued to decline. Today, the copper cathode procurement sentiment in North China was 1.82, up 0.05 from the previous trading day, and the shipment sentiment was 2.87, up 0.62 from the previous trading day ().

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