Quick report on the spot market of copper in North China on the 8th of SMM5

Published: May 8, 2020 18:22

Save

SMM, May 8: the current contract of electrolytic copper in North China today rose by 190 yuan / ton to 250 yuan / ton, with a transaction price of 43640 yuan / ton to 43900 yuan / ton. From the first day after the festival (May 6), the resumption of toll collection on the expressway, the increase in the transportation cost of goods from Shanghai to Tianjin, also prompted the spot quotation to rise in Tianjin, the smelter raised the discount quotation sharply, the water rose more than 300 yuan / ton, the responders were less, the market was difficult to conclude the actual transaction, the traders adjusted the price to 200 ~ 250 yuan / ton, and the average price of the discount water increased by 20 yuan / ton compared with that before the festival. After the festival, Shanghai copper rebounded strongly, after rushing 42700 yuan / ton on the first day after the festival, it continued to rise to more than 43700 yuan / ton on Friday, rising by more than 1,000 yuan. Copper futures rose to restrain downstream buying, and there was a long single source of goods in the lower reaches after the festival. Production raw materials are still short-term enough; as a result, the overall trading pattern of the Tianjin market is weak.

Copper copper price spot spot copper

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 6, 2026 23:56

"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"

Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment. The meeting noted that promoting effective investment plays an important role in stabilizing economic growth and strengthening momentum for development. It is necessary to innovate and improve policy measures, and intensify efforts to enhance the efficiency of utilizing funds such as central budget investments, ultra-long-term special treasury bonds, local government special bonds, and new-type policy-based financial instruments. In conjunction with formulating and implementing the 15th Five-Year Plan

Feb 6, 2026 23:56

Feb 6, 2026 23:54

"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...

Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the Party’s 20th Central Committee, fully and faithfully apply the new development philosophy, strengthen top-level design, build computing power interconnection nodes oriented toward national hub periods, major strategic regions, and key industries, establish a system of computing power interconnection nodes, improve the efficiency and service level of public computing power resources, and promote high-quality development of computing power.

Feb 6, 2026 23:54

Feb 6, 2026 23:47

Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions

After intensive indirect consultations, the new round of nuclear talks between Iran and the US in Muscat, the capital of Oman, has achieved phased progress. It is reported that during this round of talks, the Iranian and US delegations did not meet directly. Instead, Omani Foreign Minister Badr acted as an intermediary, conveying a series of core proposals, strategic concerns, and policy positions to the other side. The atmosphere at the talks was tense yet efficient. According to preliminary on-site assessments, although both sides continue to negotiate over specific terms, they have reached a consensus on the key objective of "continuing dialogue."

Feb 6, 2026 23:47