Home / Metal News / Copper Prices Rebound Suppresses Downstream Procurement Sentiment, Market Activity Cools Down [SMM North China Spot Copper]

Copper Prices Rebound Suppresses Downstream Procurement Sentiment, Market Activity Cools Down [SMM North China Spot Copper]

iconNov 10, 2025 11:35
Spot prices of #1 copper cathode in North China against the front-month contract were at a discount of 160-120 yuan/mt today, with an average discount of 140 yuan/mt, unchanged from the previous trading day. Transaction prices ranged from 86,220 to 86,460 yuan/mt, with an average of 86,340 yuan/mt, up 865 yuan/mt from the previous trading day.

SMM November 10:

In North China today, spot #1 copper cathode against the front-month contract was at a discount of 160-120 yuan/mt, with an average discount of 140 yuan/mt, unchanged from the previous trading day. Transaction prices ranged from 86,220-86,460 yuan/mt, with an average price of 86,340 yuan/mt, up 865 yuan/mt from the previous trading day. Copper prices rebounded above 86,000 yuan/mt today, downstream procurement sentiment was weak, and market trading activity cooled again. In North China today, procurement sentiment for copper cathode was 2.11, down 0.24 from the previous trading day, while sales sentiment was 1.81, down 0.04 from the previous trading day ().

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SMM Events & Webinars

All