On the delivery day, spot trading activity remained sluggish, and the market continued to be in a sluggish state [SMM North China Spot Copper].

SMM Oct 15:

In North China today, spot prices of #1 copper cathode against the front-month contract were at a discount of 180-120 yuan/mt, with an average discount of 150 yuan/mt, up 20 yuan/mt from the previous trading day. Transaction prices ranged from 84,740-85,270 yuan/mt, with an average of 85,005 yuan/mt, down 765 yuan/mt from the previous trading day. On the contract rollover and delivery day, the spot market remained sluggish. Upstream smelters were still in maintenance periods, limiting supply, while downstream buyers maintained cautious restocking sentiment amid copper price fluctuations. In North China today, the purchasing sentiment for copper cathode was 1.13, down 0.11 from the previous trading day, while the selling sentiment was 1.18, down 0.03 from the previous trading day ().