Purchasing Sentiment Has Sharply Pulled Back, Spot Discounts in North China Are Running Steadily [SMM North China Spot Copper]
In North China today, spot #1 copper cathode was quoted at a discount of 60 yuan/mt to a premium of 20 yuan/mt against the front-month contract, with the average discount at 20 yuan/mt, unchanged from the previous trading day. The average transaction price was 103,995 yuan/mt, up 1,605 yuan/mt from the previous trading day.