SMM Morning Meeting: Copper Spot Market Flat, Awaits US Macro Data

**SMM Morning Meeting Minutes: Copper Spot Trading Remains Flat, Market Awaits Guidance from US Macro Data**

Spot 1# electrolytic copper is quoted at a discount of RMB 100/ton to RMB 40/ton against the contract for the current month (2411), with an average discount of RMB 70/ton, a decrease of RMB 5/ton from the previous session. Activity in the spot market is weaker than the day before, and market holders are mostly pessimistic about the October upgrade and discount...