Countdown to the Holiday, Spot Market Activity Remains Low [SMM North China Spot Copper]

SMM September 29:

Spot prices of #1 copper cathode in North China against the front-month contract were at a discount of 140-100 yuan/mt today, with an average discount of 120 yuan/mt, unchanged from the previous trading day. Transaction prices ranged from 81,930 to 82,260 yuan/mt, with an average of 82,095 yuan/mt, down 275 yuan/mt from the previous trading day. With the National Day holiday countdown underway, most downstream consumers had completed their stockpiling needs, resulting in low spot trading activity and a sluggish market. The procurement sentiment for copper cathode in North China today was 1.45, down 0.11 from the previous trading day, while the sales sentiment was 1.32, down 0.04 from the previous trading day ().