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Home / Metal News / Spot Premiums/Discounts Continued to Weaken on Contract Rollover Delivery Day [SMM North China Spot Copper]

Spot Premiums/Discounts Continued to Weaken on Contract Rollover Delivery Day [SMM North China Spot Copper]

iconJan 15, 2025 11:31
Source:SMM

SMM, January 15:

Today, spot copper cathode in North China was quoted at a discount of 200-120 yuan/mt against the front-month contract, with an average discount of 160 yuan/mt, down 20 yuan/mt from the previous trading day. Transaction prices were 75,100-75,340 yuan/mt, with an average price of 75,220 yuan/mt, down 25 yuan/mt from the previous trading day. According to SMM methodology, spot copper cathode in North China was quoted based on the front-month contract. Affected by the price spread between futures contracts, spot premiums/discounts continued to weaken today, and some downstream buyers have already started their holidays, leading to overall weak market demand.

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