SMM April 13 News:
Spot #1 copper cathode prices against the front-month contract in North China were reported at a discount of 160 yuan/mt to a discount of 100 yuan/mt today, with the average price up 10 yuan/mt from the previous trading day and the average transaction price at 98,610 yuan/mt, up 500 yuan/mt from the previous trading day. After the center of copper prices shifted upward, consumption in North China showed signs of weakness, and spot premiums encountered resistance. The purchasing sentiment for copper cathode in North China was 1.68 today, down 0.24 from the previous trading day, while the shipments sentiment was 2.18, down 0.41 from the previous trading day ().
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