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Home / Metal News / Both supply and demand have declined, and the activity in the spot market is not as high as yesterday's [SMM spot copper in North China]
Both supply and demand have declined, and the activity in the spot market is not as high as yesterday's [SMM spot copper in North China]
May 20, 2025 11:14Today, spot #1 copper cathode in North China was on par with to at a premium of 100 yuan/mt against the front-month contract, with an average premium of 50 yuan/mt, up 20 yuan/mt from the previous trading day. The transaction prices ranged from 77,870 to 78,130 yuan/mt, with an average price of 78,000 yuan/mt, up 300 yuan/mt from the previous trading day.
SMM May 20 report:
Today, in North China, spot #1 copper cathode was trading at parity to a premium of 100 yuan/mt against the front-month contract, with an average premium of 50 yuan/mt, up 20 yuan/mt from the previous trading day. The transaction prices ranged from 77,870 to 78,130 yuan/mt, with an average price of 78,000 yuan/mt, up 300 yuan/mt from the previous trading day. Copper prices rebounded slightly today, and downstream demand weakened slightly. However, some suppliers' spot inventory has been depleted, pushing the center of spot premiums and discounts higher. Market trading activity was lower than yesterday.
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