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Home / Metal News / The Center of Copper Prices Rises Significantly, Suppressing Demand; Market Transactions Are Sluggish [SMM North China Spot Copper]

The Center of Copper Prices Rises Significantly, Suppressing Demand; Market Transactions Are Sluggish [SMM North China Spot Copper]

iconFeb 10, 2025 11:23
Source:SMM

SMM February 10 News:

Today, spot copper in North China was quoted at a discount of 360-200 yuan/mt against the front-month contract, with an average discount of 280 yuan/mt, unchanged from the previous trading day. Transaction prices ranged from 76,470-76,840 yuan/mt, with an average price of 76,655 yuan/mt, up 310 yuan/mt from the previous trading day. The rise in the copper price center significantly suppressed demand from downstream enterprises that had just returned from the holiday, with some even extending their production halts. Market purchasing sentiment was sluggish today, with only sporadic spot transactions.

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