SMM March 28 News:
Today, spot prices of #1 copper cathode against the front-month contract in North China ranged from a discount of 180 yuan/mt to 140 yuan/mt, with an average discount of 160 yuan/mt, up 20 yuan/mt from the previous trading day. The transaction price was between 80,340 and 80,560 yuan/mt, with an average of 80,450 yuan/mt, down 985 yuan/mt from the previous trading day. This week, demand remained weak under the pressure of copper prices fluctuating at highs. However, today, as copper prices pulled back, it stimulated downstream restocking sentiment, significantly boosting market activity, and spot premiums/discounts rose.
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