Copper Prices Stop Falling and Rebound, Spot Premiums Weaken [SMM North China Spot Copper]

Published: May 21, 2026 11:38

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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 300 yuan/mt to a discount of 220 yuan/mt, with the average discount of 260 yuan/mt down 10 yuan/mt from the previous trading day. The average transaction price was 104,785 yuan/mt, up 1,690 yuan/mt from the previous trading day.

SMM May 21 News:

Today, #1 copper cathode spot prices against the front-month contract in North China were reported at a discount of 300 yuan/mt to a discount of 220 yuan/mt, with an average discount of 260 yuan/mt, down 10 yuan/mt from the previous trading day. The average transaction price was 104,785 yuan/mt, up 1,690 yuan/mt from the previous trading day. Copper prices stopped falling and rebounded, but downstream demand had yet to show significant improvement. Suppliers faced unrelenting shipment pressure, and spot premiums were under pressure and weakened. Today, the procurement sentiment for copper cathode in North China was 1.77, down 0.24 from the previous trading day, while the shipment sentiment was 2.25, up 0.03 from the previous trading day ().

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