Month-end demand remains weak, end-user buying weakness pulls back North China premium slightly [SMM North China spot copper]
Today, spot #1 copper cathode in North China against the front-month contract was quoted with average premiums ranging from 40 yuan/mt to 130 yuan/mt, with the average premium at 85 yuan/mt, down 5 yuan/mt from the previous trading day. The average transaction price was 105,815 yuan/mt, up 465 yuan/mt from the previous trading day.