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Home / Metal News / Suppliers' reluctance to budge on prices is growing stronger, and spot premiums/discounts have risen slightly [SMM spot copper in North China]
Suppliers' reluctance to budge on prices is growing stronger, and spot premiums/discounts have risen slightly [SMM spot copper in North China]
Jul 30, 2025 11:31Source:SMM
Today, spot #1 copper cathode in North China traded at a discount of 150 yuan/mt to 90 yuan/mt against the front-month contract, with an average discount of 120 yuan/mt, up 10 yuan/mt from the previous trading day. The transaction prices ranged from 78,920 yuan/mt to 79,080 yuan/mt, with an average price of 79,000 yuan/mt, up 215 yuan/mt from the previous trading day.
SMM reported on July 30:
Today, spot premiums/discounts for #1 copper cathode in North China against the front-month contract ranged from a discount of 150 yuan/mt to a discount of 90 yuan/mt, with an average discount of 120 yuan/mt, up 10 yuan/mt from the previous trading day. The transaction price ranged from 78,920 yuan/mt to 79,080 yuan/mt, with an average price of 79,000 yuan/mt, up 215 yuan/mt from the previous trading day. After upstream inventory was disposed of at the month-end period, the current inventory level is relatively low. Suppliers' reluctance to budge on prices has gradually strengthened, and spot premiums/discounts have risen slightly.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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