






SMM December 26:
In North China today, spot prices of #1 copper cathode against the front-month contract were at a discount of 660-600 yuan/mt, with an average discount of 630 yuan/mt, down 30 yuan/mt from the previous trading day. Transaction prices were 97,040-97,860 yuan/mt, with an average of 97,450 yuan/mt, up 2,960 yuan/mt from the previous trading day. As copper prices continued to surge, suppliers had to lower prices to sell, causing spot premiums/discounts to hit bottom. In North China today, purchasing sentiment for copper cathode was 1.09, down 0.02 from the previous trading day, while selling sentiment was 3.02, up 0.01 from the previous trading day ().
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