Spot Copper Cathode Premiums in North China Under Pressure

Published: Jun 18, 2026 15:16
[North China Copper Cathode Spot Market] On the last trading day before the holiday, suppliers sold at lower prices to facilitate shipments, concerned about inventory buildup after the holiday, which weakened spot copper cathode premiums in North China. As the mid-year period approaches, the pressure to sell is expected to emerge, putting spot premiums under pressure after the holiday.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Copper Inventories Decline in China's Major Regions Amid Low Arrivals and Strong Demand
6 mins ago
Copper Inventories Decline in China's Major Regions Amid Low Arrivals and Strong Demand
Read More
Copper Inventories Decline in China's Major Regions Amid Low Arrivals and Strong Demand
Copper Inventories Decline in China's Major Regions Amid Low Arrivals and Strong Demand
【SMM Copper Inventory Flash】In China's major regions, copper cathode inventories continued the destocking trend MoM. In the Shanghai market, arrivals of imported and domestic copper remained low, persistently driving down inventories. In the Jiangsu region, limited supply of arrivals, coupled with accelerated downstream warehouse withdrawals, pushed inventories down in tandem. Ahead of the Dragon Boat Festival, end-user stockpiling sentiment in Guangdong was sluggish, leading to a slight inventory buildup in the region.
6 mins ago
Copper Cathode Rod Producers Maintain Output Despite Dragon Boat Festival; Operating Rate to Drop 1.95% WoW
10 mins ago
Copper Cathode Rod Producers Maintain Output Despite Dragon Boat Festival; Operating Rate to Drop 1.95% WoW
Read More
Copper Cathode Rod Producers Maintain Output Despite Dragon Boat Festival; Operating Rate to Drop 1.95% WoW
Copper Cathode Rod Producers Maintain Output Despite Dragon Boat Festival; Operating Rate to Drop 1.95% WoW
【SMM Copper Cathode Rod Flash】Although the Dragon Boat Festival is approaching, most copper cathode rod enterprises maintain normal production. SMM expects the industry operating rate to pull back 1.95 percentage points WoW next week.
10 mins ago
Copper Prices Rise, Inventory Trends Diverge Amid Slower Order Growth and Reduced Raw Material Procurement
15 mins ago
Copper Prices Rise, Inventory Trends Diverge Amid Slower Order Growth and Reduced Raw Material Procurement
Read More
Copper Prices Rise, Inventory Trends Diverge Amid Slower Order Growth and Reduced Raw Material Procurement
Copper Prices Rise, Inventory Trends Diverge Amid Slower Order Growth and Reduced Raw Material Procurement
【SMM Copper Express】This week, copper cathode rod enterprises' inventories showed a divergent trend: copper prices edged up and order growth was insufficient, prompting enterprises to reduce raw material procurement, and raw material inventories fell WoW; the pace of end-user cargo pick-up slowed, and finished product inventories edged up WoW.
15 mins ago
[North China Copper Cathode Spot Market] On the last trading day befor - Shanghai Metals Market (SMM)