Copper Prices Continue Strong Performance, But Outlook Remains Pessimistic After Contract Rollover [SMM North China Spot Copper]

SMM February 14 News: Today, spot copper in North China was quoted at a discount of 300-220 yuan/mt against the front-month contract, with an average discount of 260 yuan/mt, unchanged from the previous trading day. Transaction prices ranged from 77,110-77,640 yuan/mt, with an average price of 77,375 yuan/mt, up by 475 yuan/mt from the previous trading day. As the contract rollover and delivery approach, copper prices continued to rise, suppressing downstream purchasing sentiment. Weak market demand kept spot premiums/discounts at low levels. Based on the price spread between futures contracts, spot premiums/discounts are expected to weaken further after next week's delivery. If copper prices maintain their strong performance, market trading activity is unlikely to improve. » Subscribe to view historical SMM metal spot prices.