Spot Premiums Continued to Weaken, Market Activity Remained Low [SMM North China Spot Copper]

Published: Apr 22, 2026 11:25

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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 200 yuan/mt to a discount of 140 yuan/mt, with the average price down 10 yuan/mt from the previous trading day. The average transaction price was 102,015 yuan/mt, up 65 yuan/mt from the previous trading day.

SMM April 22 update:

Spot #1 copper cathode prices against the front-month contract in north China were reported at an average discount of 200 yuan/mt to a discount of 140 yuan/mt. The average price fell 10 yuan/mt from the previous trading day, while the average transaction price of 102,015 yuan/mt rose 65 yuan/mt from the previous trading day. Suppressed by copper prices, new orders in the market decreased. Spot premiums in north China continued to weaken along with east China, and market activity remained low. The procurement sentiment for copper cathode in north China was 1.31, down 0.04 from the previous trading day, while the shipments sentiment was 2.12, down 0.02 from the previous trading day ().

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