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Home / Metal News / Due to weak demand, suppliers continue to lower prices, and spot premiums/discounts weaken again [SMM spot copper in North China]
Due to weak demand, suppliers continue to lower prices, and spot premiums/discounts weaken again [SMM spot copper in North China]
May 13, 2025 11:15Source:SMM
Today, spot #1 copper cathode in North China was trading at a discount of 400 yuan/mt to 300 yuan/mt against the front-month contract, with an average discount of 350 yuan/mt, a decrease of 20 yuan/mt from the previous trading day. The transaction prices ranged from 77,730 yuan/mt to 77,900 yuan/mt, with an average price of 77,815 yuan/mt, down 145 yuan/mt from the previous trading day.
SMM News on May 13:
Today, in North China, spot #1 copper cathode was trading at a discount of 400 yuan/mt to 300 yuan/mt against the front-month contract, with an average discount of 350 yuan/mt, a decrease of 20 yuan/mt from the previous trading day. The transaction prices ranged from 77,730 yuan/mt to 77,900 yuan/mt, with an average price of 77,815 yuan/mt, down 145 yuan/mt from the previous trading day. With only two trading days left until delivery, weak downstream orders have led to an accumulation of both raw material and finished product inventories at enterprises. Copper cathode suppliers have no choice but to continue cutting prices to secure transactions, causing spot premiums/discounts to fall to a low level.
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