Weak Market Consumption Performance and Low Spot Trading Activity [SMM North China Spot Copper]

Published: Apr 20, 2026 11:34

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Today, #1 copper cathode spot prices in North China against the front-month contract were reported at an average discount of 150 yuan/mt, unchanged from the previous trading day. The average transaction price was 102,715 yuan/mt, up 885 yuan/mt from the previous trading day.

SMM April 20 News:

Today, the average spot price of #1 copper cathode in North China was at a discount of 150 yuan/mt against the front-month contract, unchanged from the previous trading day, while the average transaction price rose 885 yuan/mt from the previous trading day to 102,715 yuan/mt. With copper prices fluctuating at highs, market consumption showed signs of weakness, and spot copper trading activity was low today. The purchasing sentiment for copper cathode in North China was 1.31, down 0.02 from the previous trading day, while the shipments sentiment was 1.75, down 0.02 from the previous trading day ().

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