Downstream purchase willingness rebounded, spot price spread remained stable[SMM North China spot copper]

SMM August 19:

Today, in North China, spot #1 copper cathode against the front-month contract was quoted at an average premium range of 50 yuan/mt to 250 yuan/mt, with the average premium at 150 yuan/mt, unchanged from the previous trading day. The average transaction price was 106,870 yuan/mt, down 935 yuan/mt from the previous trading day. Futures continued their pullback, driving a concentrated release of downstream rigid demand, and purchase willingness rebounded. Suppliers' willingness to sell edged up slightly, market activity recovered somewhat, and the price spread for spot #1 copper cathode in North China remained stable. Today, the purchase sentiment for copper cathode in North China stood at 1.26, up 0.08 from the previous trading day, while the shipment sentiment was 2.71, down 0.02 from the previous trading day. ().