Copper Price Pullback Fails to Boost Demand, North China Spot Trades Remain Sluggish [SMM North China Spot Copper]
Today, in North China, spot #1 copper cathode prices against the front-month contract averaged a discount range of 230 yuan/mt to 180 yuan/mt, with an average discount of 205 yuan/mt, down 55 yuan/mt from the previous trading day. The average transaction price was 107,660 yuan/mt, down 540 yuan/mt from the previous trading day.