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Home / Metal News / Downstream stockpiling before the holiday, market activity heats up [[SMM Spot Copper in North China]]

Downstream stockpiling before the holiday, market activity heats up [[SMM Spot Copper in North China]]

iconApr 29, 2025 11:21
Source:SMM
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.

SMM, April 29:

Today, in North China, spot #1 copper cathode traded at a discount of 80 to 20 yuan/mt against the front-month contract, with an average discount of 50 yuan/mt. This represents an increase of 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. In the last two trading days before the Labour Day holiday, downstream enterprises engaged in stockpiling ahead of the holiday, but demand did not reach a fever pitch. Market transaction activity increased, and spot premiums/discounts rose slightly.

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