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Home / Metal News / Some suppliers dumped goods at low prices, and spot premiums/discounts fell sharply [[SMM spot copper in North China]]
Some suppliers dumped goods at low prices, and spot premiums/discounts fell sharply [[SMM spot copper in North China]]
May 9, 2025 11:25Source:SMM
Today, spot prices of #1 copper cathode in North China were at a discount of 400 yuan/mt to 200 yuan/mt against the front-month contract, with an average discount of 300 yuan/mt, a decrease of 200 yuan/mt from the previous trading day. The transaction prices ranged from 77,650 yuan/mt to 78,000 yuan/mt, with an average price of 77,825 yuan/mt, down 285 yuan/mt from the previous trading day.
SMM May 9 report:
Today, in North China, the spot prices of #1 copper cathode against the front-month contract ranged from a discount of 400 yuan/mt to a discount of 200 yuan/mt, with an average discount of 300 yuan/mt. This represents a decrease of 200 yuan/mt compared to the previous trading day. The transaction prices ranged from 77,650 yuan/mt to 78,000 yuan/mt, with an average price of 77,825 yuan/mt, down 285 yuan/mt from the previous trading day. As the price spread between futures contracts continues to widen, downstream demand remains weak. Some suppliers are selling off their inventory at low prices, continuously lowering spot premiums/discounts to secure transactions, resulting in significant price spreads in the market.
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