[SMM Spot Copper] Currently, the BACK price spread between futures contracts for consecutive months remains above 200 yuan/mt. The replenishment of supply after the holiday and the weakening of downstream consumption sentiment have made it difficult for the premium to remain firm, and it is expected to face some pressure.

Copper busbars, as an indispensable "bridge" in power systems, ensure stable power transmission and safe operation with their excellent electrical conductivity and corrosion resistance.

In response to the requests of many companies in the copper industry chain and to enhance communication between upstream and downstream enterprises, SMM Information & Technology Co., Ltd. (SMM) has meticulously organized a copper industry field trip to Jiangxi from April 24 to 26.

Today, spot #1 copper cathode in North China was trading at a discount of 80 to 20 yuan/mt against the front-month contract, with an average discount of 50 yuan/mt, unchanged from the previous trading day. The transaction prices ranged from 77,560 to 77,780 yuan/mt, with an average price of 77,670 yuan/mt, down 110 yuan/mt from the previous trading day.