Spot Premiums Held Steady, Market Activity Weakened [SMM North China Spot Copper]

Published: Apr 1, 2026 11:16

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Today, spot prices of #1 copper cathode in North China against the front-month contract were reported at a discount of 120 yuan/mt to a discount of 60 yuan/mt, with the average price unchanged from the previous trading day. The average transaction price was 96,825 yuan/mt, up 1,260 yuan/mt from the previous trading day.

SMM News on April 1:

Today, spot #1 copper cathode in North China was quoted at discounts of 120 yuan/mt to 60 yuan/mt against the front-month contract, with the average price unchanged from the previous trading day. The average transaction price was 96,825 yuan/mt, up 1,260 yuan/mt from the previous trading day. On the first trading day of April, suppliers were not in a hurry to sell, while the rebound in copper prices dampened downstream buying interest. Spot premiums held steady, and market trading activity weakened. Today, the procurement sentiment for copper cathode in North China was 2.02, down 0.09 from the previous trading day, and the shipment sentiment was 2.11, down 0.21 from the previous trading day ().

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