The First Trading Day After the Holiday: Low Market Activity in Spot Copper Transactions [SMM North China Spot Copper]

Feb 05, 2025, at 11:22 am

SMM, February 5: Today, spot copper in North China was quoted at a discount of 300-120 yuan/mt against the front-month contract, with an average discount of 210 yuan/mt, up 100 yuan/mt from the previous trading day. Transaction prices ranged from 74,800-75,280 yuan/mt, with an average price of 75,040 yuan/mt, up 90 yuan/mt from the previous trading day. On the first trading day after the holiday, market activity remained sluggish, mainly due to the late resumption of work by most downstream enterprises in North China. Restocking is expected to concentrate next week. 》Subscribe to view historical SMM metal spot prices.

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The First Trading Day After the Holiday: Low Market Activity in Spot Copper Transactions [SMM North China Spot Copper]

Post-Holiday Inventory Surges; Suppliers Forced to Cut Prices to Facilitate Sales [SMM South China Spot Copper]

Secondary Lead: Spot Market Sentiment Remained Cautious, Refined Lead Transactions Were Limited Today [SMM Lead Midday Review]