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Home / Metal News / Entering the month-end, demand was sluggish, and market trading activity was sluggish [SMM North China spot copper].

Entering the month-end, demand was sluggish, and market trading activity was sluggish [SMM North China spot copper].

iconNov 26, 2025 11:15
Spot prices of #1 copper cathode against the front-month contract in North China today were at a discount of 210-150 yuan/mt, with an average discount of 180 yuan/mt, unchanged from the previous trading day. Transaction prices were 86,310-86,480 yuan/mt, with an average of 86,395 yuan/mt, up 45 yuan/mt from the previous trading day.

SMM November 26 news:

Today, in North China, spot prices of #1 copper cathode against the front-month contract were at a discount of 210-150 yuan/mt, with an average discount of 180 yuan/mt, unchanged from the previous trading day. Transaction prices ranged from 86,310-86,480 yuan/mt, with an average of 86,395 yuan/mt, up 45 yuan/mt from the previous trading day. After copper prices rebounded, consumption demand showed weakness, and downstream funds were constrained as the month-end period approached. Trading activity in the spot market was sluggish today. In North China, the procurement sentiment for copper cathode was 1.43, down 0.09 from the previous trading day, while the sales sentiment was 2.35, down 0.09 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.

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