Copper Price Declines Boost Demand, Spot Premiums Rise for a Fifth Straight Session [SMM North China Spot Copper]

Published: Mar 9, 2026 11:12

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Today, spot prices of #1 copper cathode in North China against the front-month contract ranged from a discount of 180 yuan/mt to a discount of 80 yuan/mt. The average price increased by 60 yuan/mt from the previous trading day, while the average transaction price of 99,395 yuan/mt decreased by 1,450 yuan/mt from the previous trading day.

SMM News on March 9:

Today, in North China, spot #1 copper cathode prices against the front-month contract were at a discount of 180 yuan/mt to a discount of 80 yuan/mt. The average price rose by 60 yuan/mt from the previous trading day, while the average transaction price of 99,395 yuan/mt fell by 1,450 yuan/mt from the previous trading day. As copper prices fell below the 100,000 yuan/mt threshold, market consumption demand was clearly boosted, market activity picked up, spot cargo in the north tightened, and spot premiums rose consecutively. Today, in North China, the procurement sentiment for copper cathode was 3.52, up 0.51 from the previous trading day, and the shipments sentiment was 2.94, up 0.49 from the previous trading day ().

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