Market Supply and Demand Both Declined, Spot Trading Activity Sluggish [SMM North China Spot Copper]

Published: Jun 5, 2026 11:17

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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 360 yuan/mt to a discount of 280 yuan/mt, with the average discount at 320 yuan/mt, up 10 yuan/mt from the previous trading day. The average transaction price was 104,980 yuan/mt, up 55 yuan/mt from the previous trading day.

SMM June 5 News:

Today, spot #1 copper cathode prices against the front-month contract in North China were reported at an average discount of 360 yuan/mt to a discount of 280 yuan/mt, with the average discount of 320 yuan/mt up 10 yuan/mt from the previous trading day, and the average transaction price at 104,980 yuan/mt, up 55 yuan/mt from the previous trading day. As some cargoes in the market were heading south for delivery, downstream restocking demand also showed weakness, and spot copper trading activity was sluggish today. Today, the copper cathode purchasing sentiment in North China was 1.21, down 0.01 from the previous trading day, and the selling sentiment was 1.55, down 0.03 from the previous trading day ().

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