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Spot Premiums Held Steady on the Last Trading Day of February [SMM North China Spot Copper]
Feb 28, 2025, at 11:26 am
SMM, February 28: Today, spot copper in North China was quoted at a discount of 300-260 yuan/mt against the front-month contract, with an average discount of 280 yuan/mt, unchanged from the previous trading day. Transaction prices ranged from 76,580-76,720 yuan/mt, with an average price of 76,650 yuan/mt, up 40 yuan/mt from the previous trading day. On the last trading day of February, the market mainly traded cargoes with invoices dated this month, and spot premiums/discounts remained stable. As March approaches, downstream financial pressure may ease, potentially restoring some restocking demand. Suppliers showed a stronger sentiment to stand firm on quotes, but copper prices remain the key determining factor for consumption.》Subscribe to view historical SMM metal spot prices.
