Both upstream and downstream entered the holiday period, with weak market activity. [SMM North China Spot Copper]

SMM December 30 News:

Today in North China, spot prices of #1 copper cathode against the front-month contract were at a discount of 60-450 yuan/mt, with an average discount of 530 yuan/mt, down 70 yuan/mt from the previous trading day. Transaction prices were 96,910-97,750 yuan/mt, with an average of 97,330 yuan/mt, down 3,140 yuan/mt from the previous trading day. As the vast majority of downstream users planned to take holidays for New Year's Day or had completed pre-holiday stockpiling, while suppliers had also cleared their inventory, the market basically entered a holiday state today. Today in North China, the procurement sentiment for copper cathode was 1.01, unchanged from the previous trading day, while the sales sentiment was 1.25, down 0.57 from the previous trading day ().