SMM News, February 11:
Today, spot copper in North China was quoted at a discount of 320-220 yuan/mt against the front-month contract, with an average discount of 270 yuan/mt, up 10 yuan/mt from the previous trading day. Transaction prices were 76,500-76,900 yuan/mt, with an average price of 76,700 yuan/mt, up 45 yuan/mt from the previous trading day. Copper prices fluctuated at highs, while market demand remained weak. Downstream buyers still held inventory after the holiday and showed almost no purchasing interest today. Some suppliers, under pressure, negotiated sales to traders.
![Imported supply replenishment combined with widening backwardation, Shanghai spot copper premiums retreat after rapid rise [SMM Shanghai Spot Copper Weekly Review]](https://imgqn.smm.cn/usercenter/KTLHT20251217171714.jpeg)
![구리 사회 재고 88,900톤으로 감소, 광둥성 연중 최저치 기록 [SMM 주간 데이터]](https://imgqn.smm.cn/usercenter/gCNEi20251217171715.jpeg)
