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Market demand is sluggish, with spot premiums/discounts plummeting [SMM spot copper in North China]

iconJun 4, 2025 11:17
Source:SMM
Today, spot prices of #1 copper cathode in North China were at a discount of 260 yuan/mt to 180 yuan/mt against the front-month contract, with an average discount of 220 yuan/mt, a decrease of 90 yuan/mt from the previous trading day. The transaction prices ranged from 78,050 yuan/mt to 78,220 yuan/mt, with an average price of 78,135 yuan/mt, an increase of 40 yuan/mt from the previous trading day.

SMM June 4 News:

Today, in North China, spot premiums/discounts for #1 copper cathode against the front-month contract ranged from a discount of 260 yuan/mt to a discount of 180 yuan/mt, with an average discount of 220 yuan/mt, a decrease of 90 yuan/mt from the previous trading day. The transaction prices ranged from 78,050 yuan/mt to 78,220 yuan/mt, with an average price of 78,135 yuan/mt, an increase of 40 yuan/mt from the previous trading day. As copper prices rose, downstream demand showed increasing weakness, and market trading activity was sluggish today, with a significant drop in spot premiums/discounts.

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