Approaching Month-End, Market Continued Sluggish Pattern [SMM North China Spot Copper]

Published: May 27, 2026 11:18

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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 360-280 yuan/mt, unchanged from the previous trading day. The average transaction price was 104,710 yuan/mt, up 215 yuan/mt from the previous trading day.

SMM May 27 update:

Today, #1 copper cathode spot prices against the front-month contract in North China were reported at an average discount of 360 yuan/mt to a discount of 280 yuan/mt, unchanged from the previous trading day, with the average transaction price at 104,710 yuan/mt, up 215 yuan/mt from the previous trading day. Approaching month-end, downstream demand was weak, and the spot market continued to be sluggish today. Today, the copper cathode purchasing sentiment in North China was 1.41, down 0.16 from the previous trading day, and the shipments sentiment was 2.11, down 0.02 from the previous trading day ().

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