With the Chinese New Year approaching, the market is entering the holiday period [SMM North China Spot Copper].

Published: Feb 13, 2026 11:08

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Spot prices of #1 copper cathode in North China against the front-month contract were at a discount of 380-160 yuan/mt today, with an average discount of 270 yuan/mt, unchanged from the previous trading day. Transaction prices ranged from 99,720 to 100,210 yuan/mt, with an average of 99,965 yuan/mt, down 1,865 yuan/mt from the previous trading day.

SMM Feb. 13:

In North China today, spot prices of #1 copper cathode against the front-month contract were at a discount of 380-160 yuan/mt, with an average discount of 270 yuan/mt, unchanged from the previous trading day. Transaction prices ranged from 99,720-100,210 yuan/mt, with an average of 99,965 yuan/mt, down 1,865 yuan/mt from the previous trading day. The spot market entered a holiday mode. In North China today, the procurement sentiment for copper cathode was 1.01, down 0.01 from the previous trading day, while the shipment sentiment was 1.01, down 0.01 from the previous trading day ().

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