Market Trading Enthusiasm Cools, Spot Price Spread Dips Slightly, SMM North China Spot Copper】

Published: Aug 20, 2026 11:17

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Today, spot #1 copper cathode prices in North China against the front-month contract were quoted at an average premium of 50 yuan/mt to 200 yuan/mt, with the average premium at 125 yuan/mt, down 25 yuan/mt from the previous trading day, and transaction prices averaged 107,225 yuan/mt, up 355 yuan/mt from the previous trading day;

SMM, August 20:

Today, in North China, spot #1 copper cathode against the front-month contract was quoted at an average premium of 50-200 yuan/mt, with the average premium at 125 yuan/mt, down 25 yuan/mt from the previous trading day. The average transaction price was 107,225 yuan/mt, up 355 yuan/mt. Futures consolidated and rebounded slightly. The concentrated release of rigid demand from the previous day was largely absorbed, and downstream purchase willingness weakened again. Suppliers' willingness to sell also pulled back slightly, market activity cooled, and the price spread of spot copper in North China edged lower. Today, the purchasing sentiment for copper cathode in North China was 1.22, down 0.04 from the previous trading day, while the selling sentiment was 2.71, down 0.03. ().

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