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Home / Metal News / Copper prices pulled back while the price spread between futures contracts widened, with moderate overall market trading activity [SMM spot copper in North China]
Copper prices pulled back while the price spread between futures contracts widened, with moderate overall market trading activity [SMM spot copper in North China]
Jun 12, 2025 11:22Source:SMM
Today, spot #1 copper cathode in North China traded at a discount of 180 yuan/mt to 120 yuan/mt against the front-month contract, with an average discount of 150 yuan/mt, up 10 yuan/mt from the previous trading day. The transaction prices ranged from 78,770 yuan/mt to 78,890 yuan/mt, with an average price of 78,830 yuan/mt, down 225 yuan/mt from the previous trading day.
SMM June 12 News:
Today, in North China, spot #1 copper cathode traded at a discount of 180 yuan/mt to 120 yuan/mt against the front-month contract, with an average discount of 150 yuan/mt, up 10 yuan/mt from the previous trading day. The transaction prices ranged from 78,770 yuan/mt to 78,890 yuan/mt, with an average price of 78,830 yuan/mt, down 225 yuan/mt from the previous trading day. Copper prices dropped back slightly today, but as the delivery month approached, the price spread between futures contracts widened somewhat. Downstream purchasing sentiment was moderate, and market activity fluctuated relatively little during the week.
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