Month-end supply tightened, spot premiums surged sharply [SMM North China Spot Copper]

Published: Aug 27, 2026 11:16

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Spot #1 copper cathode in North China was quoted at a premium of 100–240 yuan/mt against the front-month contract today, with an average premium of 170 yuan/mt, up 100 yuan/mt from the previous trading day, and an average transaction price of 109,090 yuan/mt, down 245 yuan/mt from the previous trading day;

SMM, August 27:

Today, spot #1 copper cathode in North China was quoted at premiums of 100–240 yuan/mt against the front-month contract, with an average premium of 170 yuan/mt, up 100 yuan/mt from the previous trading day. The average transaction price was 109,090 yuan/mt, down 245 yuan/mt from the previous trading day. Approaching month-end, available supply in the market was tight, suppliers held prices firm and held back from selling, while downstream purchase willingness continued to recover, driving spot premiums in North China sharply higher. Today, the procurement sentiment for copper cathode in North China stood at 1.39, up 0.21 from the previous trading day, while the selling sentiment was 2.53, down 0.18 from the previous trading day. ().

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