Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
Language: 
Home / Metal News / Contango spread widens as delivery approaches, market sentiment remains pessimistic after contract rollover [SMM spot copper in North China]
Contango spread widens as delivery approaches, market sentiment remains pessimistic after contract rollover [SMM spot copper in North China]
May 14, 2025 11:24Source:SMM
Today, spot #1 copper cathode in North China traded at a discount of 480 yuan/mt to 280 yuan/mt against the front-month contract, with an average discount of 380 yuan/mt, a decrease of 30 yuan/mt from the previous trading day. The transaction prices ranged from 78,330 yuan/mt to 78,770 yuan/mt, with an average price of 78,550 yuan/mt, an increase of 735 yuan/mt from the previous trading day.
SMM News on May 14:
Today, in North China, spot #1 copper cathode was trading at a discount of 480 yuan/mt to 280 yuan/mt against the front-month contract, with an average discount of 380 yuan/mt, a decrease of 30 yuan/mt from the previous trading day. The transaction prices ranged from 78,330 yuan/mt to 78,770 yuan/mt, with an average price of 78,550 yuan/mt, an increase of 735 yuan/mt from the previous trading day. With only one trading day left until the delivery date, participants in the North China market have already started quoting prices for the next-month contract. However, the rising copper prices and weak downstream demand are expected to make it difficult to sustain high premium prices for the next-month contract.
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
SMM Events & Webinars
All- May15
2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP
May 15 - 25,2025Argentina & Brazil
- May20
2025 SMM ASIA METALS SEMINAR
May 20 - 20,2025Global Metals Market in Flux Geopolitics, Policies, FundamentalsNovotel Century, Hong Kong, China
- May22
2025 SMM 3rd Wire & Cable Conference & Expo
May 22 - 23,2025Suzhou, Jiangsu, China
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.
