As Contract Rollover Approaches, Wait-and-See Sentiment Rises; Market Trading Remains Subdued [SMM North China Spot Copper]
In North China today, spot #1 copper cathode prices against the front-month contract were quoted at discounts of 420-350 yuan/mt, with an average discount of 385 yuan/mt, unchanged from the previous trading day; the average transaction price was 107,830 yuan/mt, down 40 yuan/mt from the previous trading day.