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Home / Metal News / Upstream suppliers continue to actively ship goods, making it difficult for spot premiums/discounts to stop falling and stabilize [SMM spot copper in North China]

Upstream suppliers continue to actively ship goods, making it difficult for spot premiums/discounts to stop falling and stabilize [SMM spot copper in North China]

iconMay 23, 2025 11:26
Source:SMM
Today, spot #1 copper cathode in North China was trading at a discount of 150 yuan/mt to 30 yuan/mt against the front-month contract, with an average discount of 90 yuan/mt, a decrease of 20 yuan/mt from the previous trading day. The transaction prices ranged from 77,650 yuan/mt to 77,910 yuan/mt, with an average price of 77,780 yuan/mt, down 100 yuan/mt from the previous trading day.

SMM May 23 report:

Today, in North China, spot #1 copper cathode traded at a discount of 150 yuan/mt to 30 yuan/mt against the front-month contract, with an average discount of 90 yuan/mt, a decrease of 20 yuan/mt from the previous trading day. The transaction prices ranged from 77,650 yuan/mt to 77,910 yuan/mt, with an average price of 77,780 yuan/mt, down 100 yuan/mt from the previous trading day. Today, suppliers continued to clear their inventory and weekend supplies, causing the spot premiums/discounts to fail to halt their decline. It is expected that the upside potential for spot premiums/discounts will remain limited next week.

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