Market Demand Remained Lukewarm, Spot Premiums Slightly Weakened [SMM North China Spot Copper]

Published: May 8, 2026 11:23

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Today in North China, #1 copper cathode spot prices against the front-month contract were reported at an average discount of 200 yuan/mt to a discount of 120 yuan/mt, with the average discount of 160 yuan/mt down 10 yuan/mt from the previous trading day, and the average transaction price at 102,540 yuan/mt down 90 yuan/mt from the previous trading day.

SMM May 8:

Today, #1 copper cathode spot prices in North China against the front-month contract were reported at a discount of 200 yuan/mt to a discount of 120 yuan/mt, with an average discount of 160 yuan/mt, down 10 yuan/mt from the previous trading day. The average transaction price was 102,540 yuan/mt, down 90 yuan/mt from the previous trading day. Recently, downstream consumption has remained lukewarm overall. However, as some processing enterprises restocked, market activity warmed up today, though spot premiums weakened slightly. Today, the procurement sentiment for copper cathode in North China was 2.21, up 0.26 from the previous trading day, and the shipments sentiment was 2.29, up 0.02 from the previous trading day ().

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