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Home / Metal News / Copper Prices Rebound, Downstream Continues to Wait and See, Market Transactions Remain Limited [SMM North China Spot Copper]

Copper Prices Rebound, Downstream Continues to Wait and See, Market Transactions Remain Limited [SMM North China Spot Copper]

iconDec 11, 2025 11:15
Spot prices of #1 copper cathode in North China against the front-month contract were at a discount of 300-240 yuan/mt today, with an average discount of 270 yuan/mt, unchanged from the previous trading day. Transaction prices ranged from 92,150 to 92,630 yuan/mt, with an average of 92,390 yuan/mt, up 990 yuan/mt from the previous trading day.

SMM December 11 News:

Today, in North China, spot prices of #1 copper cathode against the front-month contract were at a discount of 300-240 yuan/mt, with an average discount of 270 yuan/mt, unchanged from the previous trading day. Transaction prices ranged from 92,150-92,630 yuan/mt, with an average of 92,390 yuan/mt, up 990 yuan/mt from the previous trading day. As copper prices surged again, downstream buyers maintained a wait-and-see attitude with almost no willingness to negotiate, resulting in sparse transactions in the spot market. Today, procurement sentiment for copper cathode in North China was 1.01, unchanged from the previous trading day, while sales sentiment was 1.71, down 0.01 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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