Suppliers' Willingness to Sell Tended to Strengthen, Spot Premiums Under Pressure [SMM North China Spot Copper]

SMM April 21:

Today, the average spot prices of #1 copper cathode in North China against the front-month contract ranged from a discount of 200 yuan/mt to a discount of 120 yuan/mt, with the average price down 10 yuan/mt from the previous trading day. The average transaction price was 101,950 yuan/mt, down 765 yuan/mt from the previous trading day. As the second half of the month approached, some suppliers were concerned about inventory pressure, and their willingness to sell increased. However, market consumption remained mediocre, and spot premiums continued to be under pressure. The copper cathode procurement sentiment in North China was 1.35, up 0.04 from the previous trading day, while the shipments sentiment was 2.14, up 0.39 from the previous trading day ().