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Copper Prices Pull Back as Demand Gradually Recovers; Spot Premiums Continue to Rise [SMM North China Spot Copper]
Mar 11, 2025, at 11:18 am
Today, spot copper cathode in North China was at a discount of 170-130 yuan/mt against the front-month contract, with an average discount of 150 yuan/mt, up 40 yuan/mt from the previous trading day. Transaction prices were 77,380-77,640 yuan/mt, with an average price of 77,510 yuan/mt, down 580 yuan/mt from the previous trading day.
SMM March 11 News:
Today, spot copper cathode in North China was quoted at a discount of 170-130 yuan/mt against the front-month contract, with an average discount of 150 yuan/mt, up 40 yuan/mt from the previous trading day. Transaction prices ranged from 77,380-77,640 yuan/mt, with an average price of 77,510 yuan/mt, down 580 yuan/mt from the previous trading day. As copper prices continued to pull back, downstream restocking sentiment was gradually boosted, suppliers further strengthened their sentiment to stand firm on quotes, spot premiums and discounts rose, and market trading activity showed signs of heating up.
