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Home / Metal News / Copper Prices Rise While Spot Premiums/Discounts Decline, Market Remains Sluggish [SMM North China Spot Copper]

Copper Prices Rise While Spot Premiums/Discounts Decline, Market Remains Sluggish [SMM North China Spot Copper]

iconFeb 6, 2025 11:43

SMM, February 6:

Today, spot copper in North China was quoted at a discount of 340-180 yuan/mt against the front-month contract, with an average discount of 260 yuan/mt, down 50 yuan/mt from the previous trading day. Transaction prices ranged from 75,760-76,150 yuan/mt, with an average price of 75,955 yuan/mt, up 915 yuan/mt from the previous trading day. The rise in copper prices today, breaking through the 76,000 yuan/mt threshold, suppressed consumption. Spot premiums/discounts declined, but most downstream producers in the North China market had not resumed production or procurement, resulting in low market activity.

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