End-User Just-in-Time Procurement Difficult to Recover, Tight Supply Pushes Up North China Discounts [SMM North China Spot Copper]
Today, spot #1 copper cathode in North China was quoted against the front-month contract at a discount of 100 yuan/mt to a discount of 20 yuan/mt, with an average discount of 60 yuan/mt, up 30 yuan/mt from the previous trading day, and the average transaction price was 103,035 yuan/mt, down 45 yuan/mt from the previous trading day.