Last Trading Day of May, Spot Market Trading Sluggish [SMM North China Spot Copper]

Published: May 29, 2026 11:20

Save

Today, #1 copper cathode spot prices in North China against the front-month contract were reported at an average discount of 360 yuan/mt to a discount of 300 yuan/mt, with the 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.

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 ().

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 for 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

5 hours ago

Ventec Invests $47.3M in Kunshan Factory Expansion for CCL Production Boost

Taiwan copper-clad laminate (CCL) maker Ventec International Group (6672.TW) approved on September 17 a NT$1.5 billion (approximately US$47.3 million) expansion budget to lease and upgrade an idle factory in Kunshan, Jiangsu, deploying two automated lines targeting monthly capacity of 500,000 CCL sheets and 2.4 million meters of prepreg. The 20,000 square meter site sits next to the company's existing operations and benefits from existing environmental permits, allowing mass production roughly one year earlier than a greenfield project. Planned spending is about RMB 41.76 million for building upgrades and RMB 246 million for machinery and equipment. The product mix covers M6 high-speed materials ramping up, with M7/M8/M9 grades under qualification with international server and optical-module customers. Ventec reported record August consolidated revenue of NT$810 million, up 133.2% year on year, with the first eight months up 53.6%. The Kunshan plant will complement the company's Thailand facility and serve AI servers, high-speed switches, optical modules and automotive electronics, lifting demand for upstream copper foil and electrolytic copper foil.

5 hours ago

Copper Scrap Market Sees Sharp Adjustments as Prices Fall, Supply Constraints Persist

This week (Sep 14-Sep 17), the copper scrap market underwent sharp adjustments after copper prices pulled back significantly from last week's high above 112,000 yuan/mt, bottoming out at 108,370 yuan/mt by the weekend. The most-traded SHFE copper contract continued to slide from 108,240 yuan/mt at the start of the week to an intraweek low of 107,320 yuan/mt.

5 hours ago

6 hours ago

[SMM Analysis] Detailed Data on China's Sulphuric Acid Production in August

NBS data shows that China's sulphuric acid (100% equivalent) production in August was 7.984 million mt, down 308,000 mt from 7.676 million mt in July, a YoY decline of 15.5%. The cumulative production of sulphuric acid (100% equivalent) in 2026 was 68.141 million mt, a cumulative YoY decline of 4.6%.

6 hours ago