As the year-end approaches, suppliers are lowering prices to seek shipments [SMM North China Spot Copper]

SMM December 23:

Today in North China, spot #1 copper cathode prices against the front-month contract were at a discount of 500-440 yuan/mt, with an average discount of 470 yuan/mt, down 20 yuan/mt from the previous trading day. Transaction prices ranged from 93,080-93,760 yuan/mt, with an average of 93,420 yuan/mt, up 1,320 yuan/mt from the previous trading day. As the year-end approached, processing enterprises focused on digesting finished product inventories, resulting in low operating rates, and market demand showed no signs of improvement. Copper cathode suppliers continued to lower prices to seek shipments. Today in North China, the copper cathode purchasing sentiment was 1.04, down 0.24 from the previous trading day, while the selling sentiment was 2.88, up 0.03 from the previous trading day ().