SMM review of spot copper market in North China

After the SHFE front-month copper contract delivery last week, spot premiums for copper in north China rose initially and then declining, with an overall upward trend. By last Friday, spot copper traded with discounts of 120 yuan/mt to premiums of 60 yuan/mt, with an average discount of 30 yuan/mt, marking a 120 yuan/mt increase compared to the previous Friday.

This week, with inventory pressure at sellers and the absence of apparent improvement in consumption, it is expected that spot premiums in north China will decline.

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