Home / Metal News / Downstream demand remains weak, and trading activity in the spot market continues to be sluggish [Shanghai spot copper of SMM North China]

Downstream demand remains weak, and trading activity in the spot market continues to be sluggish [Shanghai spot copper of SMM North China]

iconAug 6, 2025 11:27
Source: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, unchanged from the previous trading day. The transaction price ranged from 78,080 yuan/mt to 78,170 yuan/mt, with an average price of 78,125 yuan/mt, down 240 yuan/mt from the previous trading day.

SMM News on August 6:

Today, in North China, spot premiums/discounts for #1 copper cathode 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, unchanged from the previous trading day. The transaction price ranged from 78,080 yuan/mt to 78,170 yuan/mt, with an average price of 78,125 yuan/mt, down 240 yuan/mt from the previous trading day. Copper prices fluctuated, with downstream enterprises showing low recognition of the current prices. Poor consumption led to a decline in the operating rate of processing enterprises. However, suppliers were not in a hurry to sell at low prices, resulting in sluggish trading activity in the spot market. Spot premiums/discounts stabilized.

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.

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