[SMM Shanghai Spot Copper] Tomorrow is expected to be the last trading day of the month and a Friday, with spot premiums likely to remain range-bound, maintaining today's trend.

Spot prices of #1 copper cathode against the front-month contract in North China were at a discount of 90-50 yuan/mt today, averaging a discount of 70 yuan/mt, unchanged from the previous trading day. The transaction price ranged from 79,020-79,120 yuan/mt, with the average at 79,070 yuan/mt, up 155 yuan/mt from the previous session.

This week, the enamelled wire industry continued its off-season doldrums, with the sector's machine operating rate down 0.4 percentage points WoW to...

Futures: LME copper opened at $9,791.5/mt overnight, touched a low of $9,781/mt at the beginning of the session, then fluctuated upward to a high of $9,738.5/mt toward the end of the session, and finally closed at $9,839.5/mt, up 0.68%.