Copper Prices Rose Continuously, Market Activity Was Lackluster on Delivery Day [SMM North China Spot Copper]

Published: Apr 15, 2026 11:31

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Today, #1 copper cathode spot prices in North China against the front-month contract were reported at a discount of 120 yuan/mt to a discount of 80 yuan/mt, with the average price up 30 yuan/mt from the previous trading day. The average transaction price was 102,525 yuan/mt, up 1,755 yuan/mt from the previous trading day.

SMM April 15 update:

Today, spot #1 copper cathode in North China was reported at a discount of 120 yuan/mt to a discount of 80 yuan/mt against the front-month contract, with the average price up 30 yuan/mt from the previous trading day, and the average transaction price at 102,525 yuan/mt, up 1,755 yuan/mt from the previous trading day. On the day of contract rollover and delivery, the market mostly quoted at a discount of 100 to a discount of 80 yuan/mt against the next-month contract. However, as copper prices continued to rise, demand and transaction performance were weak. Today, the purchasing sentiment for copper cathode in North China was 1.21, down 0.01 from the previous trading day, and the shipments sentiment was 1.61, down 0.18 from the previous trading day ().

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