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Home / Metal News / Wider price spread between futures contracts, sluggish downstream buying interest, weaker spot premiums/discounts [SMM spot copper in North China]
Wider price spread between futures contracts, sluggish downstream buying interest, weaker spot premiums/discounts [SMM spot copper in North China]
May 7, 2025 11:08Source:SMM
Today, spot #1 copper cathode in North China was trading at a discount of 80 yuan/mt to 40 yuan/mt against the front-month contract, with an average discount of 60 yuan/mt, a decrease of 30 yuan/mt from the previous trading day. The transaction prices ranged from 77,980 yuan/mt to 78,540 yuan/mt, with an average price of 78,260 yuan/mt, an increase of 385 yuan/mt from the previous trading day.
SMM May 7 News:
Today, in North China, spot #1 copper cathode traded at a discount of 80 yuan/mt to 40 yuan/mt against the front-month contract, with an average discount of 60 yuan/mt, a decrease of 30 yuan/mt from the previous trading day. The transaction prices ranged from 77,980 yuan/mt to 78,540 yuan/mt, with an average price of 78,260 yuan/mt, up 385 yuan/mt from the previous trading day. Affected by the continued widening of the price spread between futures contracts, the downstream procurement sentiment was relatively sluggish today. Suppliers still faced inventory pressure, and spot premiums/discounts weakened, with market transaction activity declining compared to yesterday.
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