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Home / Metal News / Copper Prices Experience Wild Swing, Market Sentiment Cautious [SMM North China Spot Copper]

Copper Prices Experience Wild Swing, Market Sentiment Cautious [SMM North China Spot Copper]

iconJan 30, 2026 11:21
In North China today, spot prices of #1 copper cathode against the front-month contract were at a discount of 500-380 yuan/mt, with an average discount of 440 yuan/mt, up 10 yuan/mt from the previous trading day. Transaction prices ranged from 102,420-105,820 yuan/mt, with an average price of 104,120 yuan/mt, up 215 yuan/mt from the previous trading day.

SMM January 30 News:

Today in North China, spot #1 copper cathode against the front-month contract was at a discount of 500-380 yuan/mt, with an average discount of 440 yuan/mt, up 10 yuan/mt from the previous trading day. Transaction prices were 102,420-105,820 yuan/mt, with an average price of 104,120 yuan/mt, up 215 yuan/mt from the previous trading day. Due to wild swings in copper prices over a short period, market sentiment became more cautious, and trading activity in the spot market was low. Today in North China, the procurement sentiment for copper cathode was 1.12, down 0.19 from the previous trading day, while the sales sentiment was 1.47, down 0.01 from the previous trading day ().

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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