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Home / Metal News / The Persistence of Weak Supply-Demand Dynamics Continues, Market Activity Falls Short of Yesterday's Level [SMM North China Spot Copper]
The Persistence of Weak Supply-Demand Dynamics Continues, Market Activity Falls Short of Yesterday's Level [SMM North China Spot Copper]
Oct 14, 2025 11:13Spot prices of #1 copper cathode against the front-month contract in North China today were at a discount of 200-140 yuan/mt, with an average discount of 170 yuan/mt, down 10 yuan/mt from the previous trading day. Transaction prices ranged from 85,600-85,940 yuan/mt, with an average of 85,770 yuan/mt, up 970 yuan/mt from the previous trading day.
SMM Oct. 14:
In North China today, spot prices of #1 copper cathode against the front-month contract were at a discount of 200-140 yuan/mt, with an average discount of 170 yuan/mt, down 10 yuan/mt from the previous trading day. Transaction prices were 85,600-85,940 yuan/mt, with an average of 85,770 yuan/mt, up 970 yuan/mt from the previous trading day. Copper prices rebounded again, suppressing demand, and activity was lower than yesterday, with the market continuing to see weak supply and demand. In North China today, the procurement sentiment for copper cathode was 1.24, down 0.13 from the previous trading day, while the sales sentiment was 1.21, down 0.01 from the previous trading day ().
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