Copper prices soared, while downstream demand weakened

Published: Jul 21, 2025 11:19

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Copper prices surged significantly, and downstream demand once again showed a weakening trend. Today, in North China, spot #1 copper cathode was trading at a discount of 150 yuan/mt to 70 yuan/mt against the front-month contract, with an average discount of 110 yuan/mt, unchanged from the previous trading day. The transaction prices ranged from 79,020 yuan/mt to 79,430 yuan/mt, with an average price of 79,225 yuan/mt, up 850 yuan/mt from the previous trading day.

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