Tight Spot Supply, Spot Premiums Rise [SMM North China Spot Copper]

Published: Mar 10, 2026 11:13

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Today, in North China, the average spot prices against the front-month contract for #1 copper cathode were at a discount of 100 yuan/mt, up 30 yuan/mt from the previous trading day, and the average transaction price was 101,305 yuan/mt, up 1,910 yuan/mt from the previous trading day.

SMM News, March 10:

Today, the average spot prices against the front-month contract for #1 copper cathode in North China showed a discount of 100 yuan/mt, up 30 yuan/mt from the previous trading day, while the average transaction price was 101,305 yuan/mt, up 1,910 yuan/mt from the previous trading day. Copper prices rebounded today, and downstream consumption was slightly restrained. However, as demand has risen significantly recently, spot supply in the northern market remained tight, pushing spot premiums higher. Today, the copper cathode purchasing sentiment in North China was 3.41, down 0.11 from the previous trading day, while the shipments sentiment was 2.69, down 0.25 from the previous trading day ().

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