The local prices are expected to be released soon, stay tuned!
Got it
+86 021 5155-0306
Language:
SMM
Sign In
Base Metals
Aluminum
Copper
Lead
Nickel
Tin
Zinc
New Energy
Solar
Lithium
Cobalt
Lithium Battery Cathode Material
Anode Materials
Separator
Electrolyte
Lithium-ion Battery
Sodium-ion Battery
Used Lithium-ion Battery
Hydrogen Energy
Energy Storage
Minor Metals
Silicon
Magnesium
Titanium
Bismuth/Selenium/Tellurium
Tungsten
Antimony
Chromium
Manganese
Indium/Germanium/Gallium
Niobium/Tantalum
Other Minor Metals
Precious Metals
Rare Earth
Gold
Silver
Palladium
Platinum/Ruthenium
Rhodium
Iridium
Scrap Metals
Copper Scrap
Aluminum Scrap
Tin Scrap
Ferrous Metals
Iron Ore Index
Iron Ore Price
Coke
Coal
Pig Iron
Steel Billet
Finished Steel
International Steel
Others
Futures
SMM Index
MMi
Downstream Purchases Were Not Active, Spot Premiums Rose First and Then Fell [SMM South China Spot Copper]
Feb 25, 2025, at 12:00 pm
SMM February 25 News: Today, spot #1 copper cathode in Guangdong was quoted at a discount of 80-0 yuan/mt against the front-month contract, with an average discount of 40 yuan/mt, unchanged from the previous trading day. Hydro copper was quoted at a discount of 190-150 yuan/mt, with an average discount of 170 yuan/mt, up 30 yuan/mt from the previous trading day. The average price of #1 copper cathode in Guangdong was 76,945 yuan/mt, down 145 yuan/mt from the previous trading day, while the average price of hydro copper was 76,815 yuan/mt, down 115 yuan/mt from the previous trading day. Spot market: Guangdong inventory saw a slight decline, mainly due to reduced arrivals. Both copper prices and inventory decreased today, and suppliers showed a strong sentiment to stand firm on quotes. In the early session, standard-quality copper was once quoted at a discount of 50 yuan/mt, but downstream purchasing was moderate. Additionally, the larger discount in Shanghai, which continued to decline, weighed on Guangdong prices. Suppliers had to lower premiums to facilitate sales, with final transaction prices only matching those of the previous day. As of 11:00 am, high-quality copper was quoted at 0 yuan/mt, standard-quality copper at a discount of 80 yuan/mt, and hydro copper at a discount of 170 yuan/mt against the front-month contract. Recently, the supply of hydro copper has decreased, narrowing the price spread between hydro copper and standard-quality copper. Overall, both copper prices and inventory declined, but downstream purchasing remained sluggish, and spot premiums rose initially before falling. 》Subscribe to view SMM historical spot metal prices
