Home / Metal News / Trading activity in the spot market is not high, and spot premiums/discounts are weakening [SMM spot copper in North China]

Trading activity in the spot market is not high, and spot premiums/discounts are weakening [SMM spot copper in North China]

iconJun 18, 2025 11:13
Source:SMM
Today, spot #1 copper cathode in North China was trading at a discount of 80 yuan/mt to parity against the front-month contract, with an average discount of 40 yuan/mt, a decrease of 40 yuan/mt from the previous trading day. The transaction prices ranged from 78,520 to 78,700 yuan/mt, with an average price of 78,610 yuan/mt, an increase of 135 yuan/mt from the previous trading day.

SMM News on June 18:

Today, spot #1 copper cathode in North China traded at a discount of 80 yuan/mt to parity against the front-month contract, with an average discount of 40 yuan/mt, a decrease of 40 yuan/mt from the previous trading day. The transaction prices ranged from 78,520 to 78,700 yuan/mt, with an average price of 78,610 yuan/mt, up 135 yuan/mt from the previous trading day. Although end-use consumption showed mediocre performance, the operating rate of processing enterprises remained relatively high, primarily executing long-term contracts. Suppliers faced relatively small inventory pressure, and the activity level in the spot market was not high.

》Subscribe to view historical spot metal prices from SMM

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