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Home / Metal News / Downstream demand gradually weakens, spot premiums/discounts fall [SMM spot copper in North China]
Downstream demand gradually weakens, spot premiums/discounts fall [SMM spot copper in North China]
May 21, 2025 11:18Source:SMM
Today, spot #1 copper cathode in North China was trading at a discount of 30 yuan/mt to a premium of 30 yuan/mt against the front-month contract, with an average price on par with the contract. This represents a decrease of 50 yuan/mt compared to the previous trading day. The transaction prices ranged from 78,060 yuan/mt to 78,310 yuan/mt, with an average price of 78,185 yuan/mt, up 185 yuan/mt from the previous trading day.
SMM May 21 Report:
Today, in North China, spot premiums/discounts for #1 copper cathode against the front-month contract ranged from a discount of 30 yuan/mt to a premium of 30 yuan/mt, with an average price on par with the contract. This represents a decrease of 50 yuan/mt compared to the previous trading day. The transaction prices ranged from 78,060 to 78,310 yuan/mt, with an average price of 78,185 yuan/mt, up 185 yuan/mt from the previous trading day. As the center of copper prices shifted higher, downstream consumption was somewhat suppressed. Additionally, the current period is the off-season for consumption in the northern market, leading to a gradual weakening in demand and a significant drop in spot premiums/discounts.
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