Home / Metal News / Supplier sells at low prices, spot premiums/discounts drop rapidly [SMM spot copper in North China]

Supplier sells at low prices, spot premiums/discounts drop rapidly [SMM spot copper in North China]

iconMay 22, 2025 11:26
Source:SMM
Today, spot #1 copper cathode in North China was trading at a discount of 140 yuan/mt to parity against the front-month contract, with an average discount of 70 yuan/mt, a decrease of 70 yuan/mt from the previous trading day. The transaction prices ranged from 77,720 to 78,040 yuan/mt, with an average price of 77,880 yuan/mt, down 305 yuan/mt from the previous trading day.

SMM May 22 Report:

Today, in North China, the spot premiums/discounts for #1 copper cathode against the front-month contract ranged from a discount of 140 yuan/mt to parity, with an average discount of 70 yuan/mt, a decrease of 70 yuan/mt from the previous trading day. The transaction prices ranged from 77,720 to 78,040 yuan/mt, with an average price of 77,880 yuan/mt, a decrease of 305 yuan/mt from the previous trading day. Market demand remained sluggish during the off-season, while some suppliers needed to clear inventory and were pessimistic about the market outlook, leading to lower spot prices and a rapid decline in premiums/discounts.

》Subscribe to view SMM historical spot metal prices

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