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Home / Metal News / Downstream just-in-time procurement dominated, spot premiums/discounts under pressure [SMM North China Spot Copper]
Downstream just-in-time procurement dominated, spot premiums/discounts under pressure [SMM North China Spot Copper]
Apr 22, 2025 11:18Source:SMM
In North China today, spot prices of #1 copper cathode against the front-month contract ranged from a discount of 50 yuan/mt to a premium of 30 yuan/mt, with an average discount of 10 yuan/mt, down by 10 yuan/mt from the previous trading day. The transaction prices were between 76,850 and 77,160 yuan/mt, with an average of 77,005 yuan/mt, up by 630 yuan/mt from the previous trading day.
SMM April 22 News: Today, spot prices of #1 copper cathode in North China against the front-month contract ranged from a discount of 50 yuan/mt to a premium of 30 yuan/mt, with an average discount of 10 yuan/mt, down 10 yuan/mt from the previous trading day. The transaction price ranged from 76,850 to 77,160 yuan/mt, with an average of 77,005 yuan/mt, up 630 yuan/mt from the previous trading day. As the center of copper prices gradually rebounded, demand in North China showed mediocre performance, with downstream mainly making just-in-time procurement. With month-end approaching, some suppliers needed to clear inventory, putting pressure on spot premiums and discounts. 》Order to view SMM metal spot historical prices
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