SMM May 29 update:
#1 copper cathode spot prices in North China against the front-month contract were reported at a discount of 360 yuan/mt to a discount of 300 yuan/mt, with an average discount of 330 yuan/mt, unchanged from the previous trading day. The average transaction price was 104,530 yuan/mt, up 1,190 yuan/mt from the previous trading day. On the last trading day of May, trading in the spot market was sluggish, and spot premiums stabilized briefly. The purchasing sentiment for copper cathode in North China was 1.35, down 0.03 from the previous trading day, while the shipments sentiment was 2.27, up 0.02 from the previous trading day ().
![Copper Prices Stop Falling and Stabilize; Copper Scrap Suppliers Hold Prices Firm While Selling [SMM Secondary Copper Daily Review]](https://imgqn.smm.cn/usercenter/OpmKJ20251217171712.jpg)
![In the morning market, available spot cargoes at Lingang were hard to find, and suppliers held prices firm while holding back from selling [SMM Yangshan spot copper]](https://imgqn.smm.cn/usercenter/JopQJ20251217171712.jpg)
