The Chinese New Year Holiday Is Approaching, and the Market Atmosphere Is Quiet [SMM North China Spot Copper]

SMM, January 24: Today, spot copper cathode in North China was quoted at a discount of 350-270 yuan/mt against the front-month contract, with an average discount of 310 yuan/mt, unchanged from the previous trading day. Transaction prices ranged from 74,830-75,130 yuan/mt, with an average price of 74,980 yuan/mt, up 310 yuan/mt from the previous trading day. As the Chinese New Year holiday approaches, only sporadic transactions and quotations remain in the market. Looking ahead to after the holiday, spot premiums/discounts are expected to rebound to some extent, but restocking demand will still depend on copper prices. » Subscribe to access historical SMM metal spot prices.