The pre-holiday decline in copper prices boosted downstream buying interest, and market activity showed signs of heating up. [SMM North China Spot Copper]

Apr 03, 2025, at 11:18 am

In North China today, spot prices of #1 copper cathode against the front-month contract were at a discount of 140-100 yuan/mt, with an average discount of 120 yuan/mt, up 10 yuan/mt from the previous trading day. The transaction price ranged from 78,860 to 79,130 yuan/mt, with an average of 78,995 yuan/mt, down 900 yuan/mt from the previous trading day.

SMM reported on April 3: Today, in North China, spot prices of #1 copper cathode against the front-month contract ranged from a discount of 140 yuan/mt to 100 yuan/mt, with an average discount of 120 yuan/mt, up by 10 yuan/mt compared to the previous trading day. The transaction prices were between 78,860 yuan/mt and 79,130 yuan/mt, with an average of 78,995 yuan/mt, down by 900 yuan/mt from the previous trading day. As the Qingming holiday approaches, copper prices fell again, boosting downstream purchasing sentiment, and market activity showed signs of warming up. However, due to the previous accumulation of downstream inventory, the demand for stockpiling did not increase significantly. 》Order to view SMM's historical spot metal prices

Selected News
Copper
Wires-cables

SMM

The pre-holiday decline in copper prices boosted downstream buying interest, and market activity showed signs of heating up. [SMM North China Spot Copper]

SMM HRC Weekly Balance & Social Inventory Review: Pre-Holiday Restocking Demand Falls Short of Expectations, Social Inventory Reduction Narrows

Tongwei, Jinko, and 10 other companies were pre-selected for the 1GW module centralised procurement order of the South-to-North Water Diversion Project.