Downstream purchasing sentiment continues to weaken, and weak buying interest drags down spot premiums [SMM North China Spot Copper]
Today, spot #1 copper cathode in North China was quoted at premiums ranging from 40 yuan/mt to 130 yuan/mt against the front-month contract, with an average premium of 85 yuan/mt, down 25 yuan/mt from the previous trading day. The average transaction price was 105,380 yuan/mt, up 395 yuan/mt from the previous trading day.