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Home / Metal News / Demand shows mediocre performance, and the trading activity in the spot market is weak [SMM spot copper in North China]
Demand shows mediocre performance, and the trading activity in the spot market is weak [SMM spot copper in North China]
Aug 4, 2025 11:21Source:SMM
Today, in North China, spot #1 copper cathode was trading at a discount of 150 yuan/mt to 90 yuan/mt against the front-month contract, with an average discount of 120 yuan/mt, a decrease of 10 yuan/mt from the previous trading day. The transaction price ranged from 77,960 yuan/mt to 78,110 yuan/mt, with an average price of 78,035 yuan/mt, a decrease of 240 yuan/mt from the previous trading day.
SMM News on August 4:
Today, in North China, spot #1 copper cathode is trading at a discount of 150 yuan/mt to 90 yuan/mt against the front-month contract, with an average discount of 120 yuan/mt, unchanged from the previous trading day. The transaction price ranges from 78,060 yuan/mt to 78,180 yuan/mt, with an average price of 78,120 yuan/mt, up 85 yuan/mt from the previous trading day. Affected by the off-season consumption, demand remains mediocre. Copper prices have stopped falling, and there is a slowing trend in the cargo pick-up progress of downstream enterprises, with weak trading activity in the spot market.
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