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Home / Metal News / Downstream Cargo Pick-Up Slows, Spot Premiums Weaken [SMM North China Spot Copper]

Downstream Cargo Pick-Up Slows, Spot Premiums Weaken [SMM North China Spot Copper]

iconJan 13, 2025 11:19
SMM, January 13: Today, spot copper in North China was quoted at a discount of 180-80 yuan/mt against the front-month contract, with an average discount of 130 yuan/mt, down 20 yuan/mt from the previous trading day. Transaction prices were 75,210-75,480 yuan/mt, with an average price of 75,345 yuan/mt, up 240 yuan/mt from the previous trading day. The center of copper prices continued to rise, while downstream cargo pick-up slowed due to weak consumption. Additionally, with the Chinese New Year holiday approaching, market expectations weakened, leading to softer spot premiums/discounts. 》Subscribe to view historical SMM metal spot prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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