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Home / Metal News / Price spread between futures contracts continues to widen, with some suppliers offering discounts to seek shipments [SMM spot copper in North China]
Price spread between futures contracts continues to widen, with some suppliers offering discounts to seek shipments [SMM spot copper in North China]
May 8, 2025 11:24Source:SMM
Today, spot #1 copper cathode in North China was trading at a discount of 130 yuan/mt to 70 yuan/mt against the front-month contract, with an average discount of 100 yuan/mt, a decrease of 40 yuan/mt from the previous trading day. The transaction prices ranged from 77,970 yuan/mt to 78,250 yuan/mt, with an average price of 78,110 yuan/mt, down 150 yuan/mt from the previous trading day.
SMM May 8 News:
Today, in North China, spot #1 copper cathode was trading at a discount of 130 yuan/mt to 70 yuan/mt against the front-month contract, with an average discount of 100 yuan/mt, a decrease of 40 yuan/mt from the previous trading day. The transaction prices ranged from 77,970 yuan/mt to 78,250 yuan/mt, with an average price of 78,110 yuan/mt, a decrease of 150 yuan/mt from the previous trading day. As the price spread between futures contracts continues to widen, downstream buyers are reluctant to accept the prices. Some suppliers are pessimistic about the future spot premiums/discounts and choose to offer discounts to sell their cargo, while others opt to ship their cargo to other regions.
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