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, up 30 yuan/mt from the previous trading day. The transaction prices ranged from 77,670 to 77,890 yuan/mt, with an average price of 77,780 yuan/mt, up 475 yuan/mt from the previous trading day. Downstream demand for stockpiling ahead of the holiday increased, leading to a rise in trading activity.