Approaching month-end, market transactions showed mediocre performance [SMM North China Spot Copper]

SMM January 28 News:

Today in North China, spot #1 copper cathode against the front-month contract was at a discount of 500-400 yuan/mt, with an average discount of 450 yuan/mt, up 10 yuan/mt from the previous trading day. Transaction prices were 101,100-101,800 yuan/mt, with an average of 101,450 yuan/mt, up 275 yuan/mt from the previous trading day. Copper prices pulled back in the night session, prompting some downstream buyers to fix prices, but futures rebounded in the daytime session, and with the approaching month-end, overall restocking willingness from downstream buyers was moderate. Today in North China, purchasing sentiment for copper cathode was 1.53, up 0.15 from the previous trading day, while selling sentiment was 1.62, up 0.11 from the previous trading day ().