As delivery approaches, downstream buyers drive down prices, and the center of spot premiums/discounts moves downward [SMM spot copper in North China]

Published: Jul 8, 2025 11:16

Save

Today, spot #1 copper cathode in North China traded at a discount of 240 yuan/mt to 160 yuan/mt against the front-month contract, with an average discount of 200 yuan/mt, down 30 yuan/mt from the previous trading day. The transaction prices ranged from 79,380 yuan/mt to 79,640 yuan/mt, with an average price of 79,510 yuan/mt, down 110 yuan/mt from the previous trading day.

SMM News on July 8:

Today, in North China, spot premiums/discounts for #1 copper cathode against the front-month contract ranged from a discount of 240 yuan/mt to a discount of 160 yuan/mt, with an average discount of 200 yuan/mt, a decrease of 30 yuan/mt from the previous trading day. The transaction price ranged from 79,380 yuan/mt to 79,640 yuan/mt, with an average price of 79,510 yuan/mt, a decrease of 110 yuan/mt from the previous trading day. As the contract rollover delivery date approaches, influenced by the price spread between futures contracts and weak demand, downstream buyers are driving down prices. The center of spot premiums and discounts has shifted downward, and market trading activity remains moderate.

》Subscribe to view historical spot metal prices from SMM

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

23 mins ago

Anax Launches Whim Creek Heap-Leach Feasibility Study After Copper Recoveries Reach 77–80%

Anax Metals has launched a heap-leach feasibility study at its Whim Creek copper-zinc project in Western Australia, assessing a second processing route alongside its planned concentrator. Recent CSIRO column tests achieved 77–80% copper extraction and more than 90% zinc extraction from lower-grade ores. The study, targeted for completion in Q1 2027, will evaluate the potential production and marketing of copper cathode from the existing permitted heap-leach and SX-EW infrastructure.

23 mins ago

25 mins ago

Weak New Orders Downstream; Copper Rod Enterprises Cut Production and Destock [SMM Copper Cathode Rod Weekly Review]

25 mins ago

Korea Zinc’s KZAM Begins Mass Copper Foil Shipments, Completing E-Waste-to-Copper Foil Recycling Chain

Korea Zinc said its affiliate KZAM has been mass-producing battery copper foil since June and has begun supplying a global battery customer, marking its first commercial shipments. The material will be used in batteries manufactured in North America, with expected revenue of up to KRW40 billion. Korea Zinc also confirmed an integrated recycling chain in which e-waste collected by its U.S. subsidiary Pedal Point is processed at the Onsan smelter into recycled copper, which is then used as feedstock for KZAM's battery-grade copper foil.

25 mins ago