Sluggish Market Transactions, Spot Premiums Stabilized [SMM North China Spot Copper]

Published: Mar 27, 2026 11:19

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Spot #1 copper cathode in North China was quoted at a discount of 100 yuan/mt to a discount of 40 yuan/mt against the front-month contract today. The average price remained unchanged from the previous trading day, and the average transaction price fell by 10 yuan/mt from the previous trading day to 95,345 yuan/mt.

SMM News, March 27:

Today, spot prices for #1 copper cathode in North China against the front-month contract were reported at a discount of 100 yuan/mt to a discount of 40 yuan/mt, with the average price unchanged from the previous trading day. The average transaction price was 95,345 yuan/mt, down 10 yuan/mt from the previous trading day. Entering the month-end period, trading activity in the spot market turned sluggish, and spot premiums stabilized. Today, copper cathode procurement sentiment in North China was 2.09, down 0.03 from the previous trading day, while shipments sentiment was 1.98, down 0.01 from the previous trading day ().

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