Spot Premiums/Discounts Rise, but Actual Demand Shows Mediocre Performance [SMM North China Spot Copper]

SMM reported on January 6: Today, spot copper cathode in North China was quoted at a discount of 100-40 yuan/mt against the front-month contract, with an average discount of 70 yuan/mt, up 40 yuan/mt from the previous trading day. Transaction prices ranged from 73,650 to 73,820 yuan/mt, with an average price of 73,735 yuan/mt, up 665 yuan/mt from the previous trading day. Spot premiums/discounts in North China rose alongside those in Shanghai. Upstream inventory pressure was absent, while downstream financial pressure eased. However, actual demand remained mediocre, and the market was mainly focused on long-term contract deliveries.》Subscribe to view historical spot prices of SMM metals.