The pullback in copper prices stimulated downstream restocking sentiment, leading to increased market activity. [SMM North China Spot Copper]

Published: Mar 28, 2025 11:17

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In North China today, spot prices of #1 copper cathode against the front-month contract were at a discount of 180-140 yuan/mt, with an average discount of 160 yuan/mt, up by 20 yuan/mt from the previous trading day. The transaction price ranged from 80,340 to 80,560 yuan/mt, with an average of 80,450 yuan/mt, down by 985 yuan/mt from the previous trading day.

SMM March 28 News:

Today, spot prices of #1 copper cathode against the front-month contract in North China ranged from a discount of 180 yuan/mt to 140 yuan/mt, with an average discount of 160 yuan/mt, up 20 yuan/mt from the previous trading day. The transaction price was between 80,340 and 80,560 yuan/mt, with an average of 80,450 yuan/mt, down 985 yuan/mt from the previous trading day. This week, demand remained weak under the pressure of copper prices fluctuating at highs. However, today, as copper prices pulled back, it stimulated downstream restocking sentiment, significantly boosting market activity, and spot premiums/discounts rose.

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