Copper Prices Weaken, Transactions Recover, Spot Discounts Continue to Narrow [SMM North China Spot Copper]

Published: Jun 11, 2026 11:54

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In North China today, spot #1 copper cathode against the front-month contract was quoted at an average discount of 240–140 yuan/mt, with the average discount settling at 190 yuan/mt, up 40 yuan/mt from the previous trading day. The average transaction price was 103,030 yuan/mt, down 780 yuan/mt from the previous trading day.

SMM, June 11:

Today, spot #1 copper cathode in North China against the front-month contract was quoted at discounts of 240 yuan/mt to 140 yuan/mt, with an average discount of 190 yuan/mt, up 40 yuan/mt from the previous trading day. The average transaction price was 103,030 yuan/mt, down 780 yuan/mt from the previous trading day. As copper prices continued to weaken, downstream buying interest was boosted, market trading picked up, and with the delivery date approaching, spot discounts continued to narrow. Today, procurement sentiment for copper cathode in North China stood at 2.53, up 0.38 from the previous trading day, while shipment sentiment stood at 1.97, up 0.22 ().

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