SMM, January 9:
Today, spot copper in North China was quoted at a discount of 190-70 yuan/mt against the front-month contract, with an average discount of 130 yuan/mt, down 10 yuan/mt from the previous trading day. Transaction prices ranged from 74,430 to 74,650 yuan/mt, with an average price of 74,540 yuan/mt, up 215 yuan/mt from the previous trading day. The center of copper prices continued to rise slightly. Market demand remained weaker during the off-season, and downstream stockpiling activities were almost absent. Spot trading activity was mediocre, and spot premiums/discounts were under pressure.
![재고 13주 연속 감소로 올해 최저치 경신; 현물 프리미엄 지속 상승 [SMM 화남 동 cathode 현물 주간 리뷰]](https://imgqn.smm.cn/usercenter/vdbfy20251217171709.jpg)
![수입 공급 보충과 백워데이션 확대가 맞물리며, 상하이 현물 구리 프리미엄 급등 후 하락 [SMM 상하이 현물 구리 주간 리뷰]](https://imgqn.smm.cn/usercenter/KTLHT20251217171714.jpeg)
