SMM News, March 20:
Today, spot #1 copper cathode in North China was quoted at a discount of 60 yuan/mt to parity against the front-month contract, with the average premiums down 30 yuan/mt from the previous trading day. The average transaction price was 95,840 yuan/mt, up 195 yuan/mt from the previous trading day. Due to sharp fluctuations in copper prices, downstream players adopted a wait-and-see sentiment, buying interest cooled, and spot premiums pulled back. Today, the purchasing sentiment for copper cathode in North China was 2.91, down 0.46 from the previous trading day, while shipment sentiment was 2.91, up 0.03 from the previous trading day ().
