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Home / Metal News / Spot premiums/discounts surged after contract rollover, with overall market activity showing a rebound [SMM spot copper in North China]
Spot premiums/discounts surged after contract rollover, with overall market activity showing a rebound [SMM spot copper in North China]
May 16, 2025 11:17Source:SMM
Today, spot #1 copper cathode in North China was trading at a discount of 20 yuan/mt to a premium of 80 yuan/mt against the front-month contract, with an average premium of 30 yuan/mt, up 440 yuan/mt from the previous trading day. The transaction prices ranged from 78,300 yuan/mt to 78,530 yuan/mt, with an average price of 78,415 yuan/mt, up 110 yuan/mt from the previous trading day.
SMM May 16 News:
Today, in North China, spot premiums/discounts for #1 copper cathode against the front-month contract ranged from a discount of 20 yuan/mt to a premium of 80 yuan/mt, with an average premium of 30 yuan/mt, up 440 yuan/mt from the previous trading day. The transaction prices ranged from 78,300 to 78,530 yuan/mt, with an average price of 78,415 yuan/mt, up 110 yuan/mt from the previous trading day. According to SMM's methodology, spot copper cathode in North China was quoted against the front-month contract today. Affected by the high price spread between futures contracts, spot premiums/discounts surged significantly after the contract rollover. Downstream enterprises combined long-term contract execution with spot purchases, and market activity rebounded somewhat.
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