






SMM News on May 6:
Today, spot #1 copper cathode in North China traded at a discount of 60 yuan/mt to parity against the front-month contract, with an average discount of 30 yuan/mt. This represents an increase of 20 yuan/mt compared to the previous trading day. The transaction prices ranged from 77,720 to 78,030 yuan/mt, with an average price of 77,875 yuan/mt, up 205 yuan/mt from the previous trading day. On the first trading day after the holiday, market activity was moderate, with downstream enterprises replenishing their stocks. However, due to the accumulation of inventory by suppliers during the holiday, the increase in spot premiums/discounts was limited.
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn