Copper Prices Rebounded but Downstream Buying Interest Was Poor, Market Trading Activity Remained Dull [SMM North China Spot Copper]

SMM January 14 News:

Today in North China, spot #1 copper cathode against the front-month contract was at a discount of 350-290 yuan/mt, with an average discount of 320 yuan/mt, up 40 yuan/mt from the previous trading day. Transaction prices were 103,150-103,760 yuan/mt, with an average price of 103,455 yuan/mt, up 1,365 yuan/mt from the previous trading day. Approaching delivery, most suppliers quoted against the next-month contract at discounts below 400 yuan/mt. However, downstream buying interest was weak amid rebounding copper prices, resulting in sluggish market activity. Today in North China, the procurement sentiment for copper cathode was 1.13, down 0.28 from the previous trading day, while the sales sentiment was 1.44, up 0.18 from the previous trading day ().