Copper prices and spot premiums/discounts both rose, while market activity weakened [SMM North China Spot Copper]

SMM Nov 6:

In North China, spot prices of #1 copper cathode against the front-month contract were at a discount of 170-130 yuan/mt, with an average discount of 150 yuan/mt, up 10 yuan/mt from the previous trading day. Transaction prices were 85,530-86,100 yuan/mt, with an average of 85,815 yuan/mt, up 665 yuan/mt from the previous trading day. Copper prices rebounded, and coupled with reduced supplier inventories during the week, market trading activity declined. In North China, the procurement sentiment for copper cathode was 2.01, down 0.30 from the previous trading day, while the sales sentiment was 1.82, down 0.32 from the previous trading day ().