SMM News on March 6:
Today, in North China, spot prices against the front-month contract for #1 copper cathode were at a discount of 250 yuan/mt to a discount of 130 yuan/mt. The average premium/discount rose by 90 yuan/mt from the previous trading day, while the average transaction price of 100,845 yuan/mt fell by 455 yuan/mt from the previous trading day. Within the week, consumption demand warmed up noticeably. Today’s renewed weakness in copper prices stimulated downstream restocking sentiment, market activity picked up, and spot premiums moved higher. Today, in North China, the purchasing sentiment for copper cathode was 3.01, up 0.12 from the previous trading day, while the shipments sentiment was 2.45, down 0.04 from the previous trading day ().
![Geopolitical Risks Intensified; the Most-Traded BC Copper Contract Closed Down 0.41% [SMM BC Copper Commentary]](https://imgqn.smm.cn/usercenter/FERSF20251217171712.jpg)
![Geopolitical Conflict Erupts, Pushing the US Dollar Higher; Copper Futures Remain Under Pressure and Continue to Decline Throughout the Week [SMM Macro Weekly Review]](https://imgqn.smm.cn/usercenter/oeWiG20251217171714.jpeg)
