Spot Premiums Edge Up, Market Recovers Somewhat [SMM North China Spot Copper]

Published: Jun 9, 2026 11:14

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Today, in North China, #1 copper cathode spot against the front-month contract was quoted with discounts ranging from 280 yuan/mt to 200 yuan/mt, averaging a discount of 240 yuan/mt, up 20 yuan/mt from the previous trading day. The average transaction price was 103,925 yuan/mt, up 75 yuan/mt from the previous trading day.

SMM, June 9:

Today, the spot #1 copper cathode in North China against the front-month contract was quoted at an average discount of 280-200 yuan/mt, with an average discount of 240 yuan/mt, up 20 yuan/mt from the previous trading day. The average transaction price was 103,925 yuan/mt, up 75 yuan/mt from the previous trading day. As the center of copper prices moved downward, market demand recovered somewhat, and coupled with the approaching delivery date, the center of spot premiums continued to rebound. Today, the procurement sentiment for copper cathode in North China was 2.11, up 0.04 from the previous trading day, and the shipment sentiment was 1.83, down 0.05 from the previous trading day ().

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