Dragon Boat Festival holiday approaching, upstream suppliers offer discounts to sell, spot premiums decline [SMM North China spot copper]

Published: Jun 18, 2026 11:15

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Today in North China, spot #1 copper cathode against the front-month contract was quoted at a discount of 270-150 yuan/mt, averaging a discount of 210 yuan/mt, down 40 yuan/mt from the previous trading day. The average transaction price was 104,655 yuan/mt, down 500 yuan/mt from the previous trading day.

SMM June 18 –

In North China, spot #1 copper cathode prices against the front-month contract were reported at discounts ranging from 270 yuan/mt to 150 yuan/mt, with an average discount of 210 yuan/mt, down 40 yuan/mt from the previous trading day. The average transaction price was 104,655 yuan/mt, down 500 yuan/mt from the previous trading day. On the last trading day before the holiday, downstream users engaged in need-based stockpiling, while traders worried about post-holiday inventory buildup and offered discounts to sell, causing spot premiums to weaken. Today, North China's purchasing sentiment for copper cathode was 2.23, up 0.22 from the previous trading day, and shipment sentiment was 2.25, up 0.57 ().

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