Market transactions remained sluggish, with spot premiums/discounts for copper in North China continuing to decline [SMM North China Spot Copper].

SMM September 10 news:

Spot prices of #1 copper cathode against the front-month contract in North China today were at a discount of 170-1,130 yuan/mt, with the average discount at 150 yuan/mt, down 10 yuan/mt from the previous trading day. Transaction prices ranged from 79,500-79,570 yuan/mt, with the average at 79,660 yuan/mt, down 125 yuan/mt from the previous session. High copper prices suppressed consumption performance, as downstream buyers found it difficult to accept prices above 79,000 yuan/mt, resulting in sluggish market activity and further declines in spot premiums/discounts. The procurement sentiment for copper cathode in North China today was 1.45, down 0.07 from the previous session, while the sales sentiment was 2.33, down 0.02 ().