High copper prices curb demand, suppliers hold prices firm to push up North China spot copper premiums [SMM North China Spot Copper]
In North China, spot #1 copper cathode prices against the front-month contract were quoted at an average premium of 70 yuan/mt to 140 yuan/mt, with the average premium at 105 yuan/mt, an increase of 20 yuan/mt from the previous trading day. The average transaction price was 105,890 yuan/mt, up 75 yuan/mt from the previous trading day.