SHANGHAI, Jul 2 (SMM) – Refining charges (RCs) for imported blister copper were mostly offered at $200-220/mt cif as of Monday July 2, SMM learned. This compared with $190-220/mt cif at the start of June.
For domestic blister copper delivered to refineries, RCs were mostly offered at 1,600-1,800 yuan/mt as of July 2, flat from SMM data a month ago.
![Price spread between futures contracts once exceeded 800 yuan; downstream purchases were quiet, and spot premiums fell sharply [SMM South China spot copper]](https://imgqn.smm.cn/usercenter/AbRbz20251217171711.jpg)
![Wider price spread between futures contracts drags down purchases; spot discounts in North China expand [SMM North China spot copper]](https://imgqn.smm.cn/usercenter/FERSF20251217171712.jpg)

