Copper Prices Decline, Demand Recovers, Spot Premiums Rebound [SMM North China Spot Copper]

Published: Jun 8, 2026 11:14

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Today in North China, spot #1 copper cathode against the front-month contract was quoted at an average discount of 300 yuan/mt to 220 yuan/mt, with the average discount of 260 yuan/mt up 60 yuan/mt from the previous trading day. The average transaction price was 103,850 yuan/mt, down 1,130 yuan/mt from the previous trading day.

SMM, June 8:

Spot #1 copper cathode in North China against the front-month contract was quoted at an average discount of 300–220 yuan/mt, with the average discount at 260 yuan/mt, up 60 yuan/mt from the previous trading day. The average transaction price was 103,850 yuan/mt, down 1,130 yuan/mt from the previous trading day. Copper prices fell today, boosting downstream buying sentiment and leading to a recovery in market trading activity, while spot premiums rebounded. The buying sentiment for copper cathode in North China today stood at 2.07, up 0.86 from the previous trading day, while the selling sentiment was 1.88, up 0.33 from the previous trading day ().

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