End-User Purchasing Enthusiasm Weakens, Tight Supply Pushes Up North China Spot Discounts [SMM North China Spot Copper]
In North China today, spot #1 copper cathode against the front-month contract was quoted at discounts of 120-60 yuan/mt, with an average discount of 90 yuan/mt, up 10 yuan/mt from the previous trading day. The average transaction price was 103,080 yuan/mt, up 165 yuan/mt from the previous trading day.