Tight Market Supply, Spot Premiums Continued to Rise [SMM North China Spot Copper]

Published: Mar 11, 2026 11:26

Save

Spot #1 copper cathode in North China today was quoted at discounts of 100 yuan/mt to premiums of 20 yuan/mt against the front-month contract, with the average premium/discount up 60 yuan/mt from the previous trading day. The average transaction price was 101,235 yuan/mt, down 70 yuan/mt from the previous trading day.

SMM News, March 11:

Today, spot #1 copper cathode in North China was quoted at a discount of 100 yuan/mt to a premium of 20 yuan/mt against the front-month contract, with the average price up 60 yuan/mt from the previous trading day. The average transaction price was 101,235 yuan/mt, down 70 yuan/mt from the previous trading day. Recently, concentrated procurement by downstream buyers caused a supply deficit in northern spot supply. Coupled with the approaching delivery date, spot premiums continued to rise. Today, the purchasing sentiment for copper cathode in North China was 3.07, down 0.34 from the previous trading day, and the shipments sentiment was 1.78, down 0.91 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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

13 hours ago

Operating Rate of SMM Scrap-Derived Copper Anode Producers 58.81%

[SMM Copper Anode] After the holiday, scrap-derived copper anode producers in China had all resumed normal operations. From March 6 to March 12, the operating rate of SMM scrap-derived copper anode producers was 58.81%, up 10.43 percentage points MoM. As the price difference between primary metal and scrap narrowed and copper anode RCs remained high, the operating rate is expected to fall to 58.72% next week.

13 hours ago

14 hours ago

Yukun Materials' Phase II Recycled Copper Ingot Project Nears Completion, Aims for 100,000 Tons Annual Capacity

At the Phase II construction site of Yukun Materials Technology Co., Ltd.'s recycled copper ingot project, it can be seen that the main structure of the plant has been completed. The entire project is expected to be fully finished in the second quarter. With a total investment of 1.08 billion yuan for Phase II, the annual production capacity of recycled copper ingots is projected to reach 100,000 tons once it reaches full operation.

14 hours ago

15 hours ago

This Week, the Operating Rate of the Enamelled Wire Industry Rebounded to 85.13%

Supported by ample earlier orders and full production schedules, the operating rate of the enamelled wire industry rose 4.06 percentage points WoW to 85.13% this week. According to enterprise feedback, new orders underperformed expectations this week. Affected by downstream wait-and-see sentiment amid falling prices, enterprises were relatively cautious in placing orders, and new orders increased by only 0.11 percentage points.

15 hours ago