Copper prices and spot premiums/discounts both rose, but downstream buyers found it hard to accept the prices, resulting in sluggish transactions [SMM spot copper in North China]

SMM News on August 13:

Today, in North China, spot premiums/discounts for #1 copper cathode against the front-month contract ranged from a discount of 120 yuan/mt to a discount of 80 yuan/mt, with an average discount of 100 yuan/mt, representing an increase of 20 yuan/mt compared to the previous trading day. The transaction price ranged from 79,130 yuan/mt to 79,220 yuan/mt, with an average price of 79,175 yuan/mt, up 345 yuan/mt from the previous trading day. As the contract rollover date approaches, spot premiums/discounts have risen slightly today. However, due to the simultaneous increase in copper prices, downstream acceptance remains low, and market trading activity is sluggish. Today, the purchasing sentiment for copper cathode in North China is 1.95, a decrease of 0.19 from yesterday, while the selling sentiment is 1.88, a decrease of 0.16 from yesterday ().