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The market showed a mediocre performance, with trading activity slightly lower than yesterday. [SMM North China Spot Copper]
Apr 02, 2025, at 11:12 am
Spot prices of #1 copper cathode in North China against the front-month contract were at a discount of 160-100 yuan/mt today, with an average discount of 130 yuan/mt, up 20 yuan/mt from the previous trading day. The transaction price ranged from 79,700 to 80,090 yuan/mt, with an average of 79,895 yuan/mt, up 40 yuan/mt from the previous trading day.
SMM April 2 News:
Today, spot prices of #1 copper cathode against the front-month contract in North China ranged from a discount of 160 yuan/mt to 100 yuan/mt, with an average discount of 130 yuan/mt, up 20 yuan/mt from the previous trading day. Transaction prices were between 79,700 yuan/mt and 80,090 yuan/mt, with an average of 79,895 yuan/mt, up 40 yuan/mt from the previous trading day. Copper prices adjusted near the 80,000 yuan/mt mark, with mediocre downstream consumption and limited pre-holiday stockpiling demand. Trading activity was relatively mediocre, slightly underperforming compared to yesterday.
