Copper Prices Fluctuated with Downstream Adopting Wait-and-See Attitude, Overall Market Consumption Remained Weak [SMM North China Spot Copper]

SMM September 4 news:

Spot prices of #1 copper cathode against the front-month contract in North China today were at a discount of 100-80 yuan/mt, averaging a discount of 90 yuan/mt, down 20 yuan/mt from the previous trading day. Transaction prices ranged from 79,790-80,050 yuan/mt, with the average at 79,920 yuan/mt, down 340 yuan/mt from the previous session. Copper prices pulled back today, with demand showing slight recovery. However, price fluctuations during the week kept downstream buyers in a wait-and-see sentiment, resulting in overall weak consumption. The procurement sentiment for copper cathode in North China today stood at 1.58, up 0.07 from the previous trading day, while the sales sentiment was 1.85, up 0.04 ().