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Home / Metal News / The Center of Copper Prices Rebounds as Weak Demand Cools Market Activity [SMM North China Spot Copper]
The Center of Copper Prices Rebounds as Weak Demand Cools Market Activity [SMM North China Spot Copper]
Feb 20, 2025 11:16SMM, February 20:
Today, spot copper in North China was quoted at a discount of 380-300 yuan/mt against the front-month contract, with an average discount of 340 yuan/mt, up 20 yuan/mt from the previous trading day. Transaction prices ranged from 76,770-77,040 yuan/mt, with an average price of 76,905 yuan/mt, up 135 yuan/mt from the previous trading day. As copper price centers rebounded, downstream consumption was again suppressed, demand remained weak, and suppliers saw a decline in inventory after selling at low prices. Market activity cooled down today.
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