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On the last trading day before the holiday, market demand for stockpiling cooled down [[SMM spot copper in North China]]
Apr 30, 2025, at 11:08 am
Today, spot #1 copper cathode in North China was trading at a discount of 80 to 20 yuan/mt against the front-month contract, with an average discount of 50 yuan/mt, unchanged from the previous trading day. The transaction prices ranged from 77,560 to 77,780 yuan/mt, with an average price of 77,670 yuan/mt, down 110 yuan/mt from the previous trading day.
SMM, April 30:
Today, in North China, spot #1 copper cathode traded at a discount of 80 to 20 yuan/mt against the front-month contract, with an average discount of 50 yuan/mt, unchanged from the previous trading day. The transaction prices ranged from 77,560 to 77,780 yuan/mt, with an average price of 77,670 yuan/mt, down 110 yuan/mt from the previous trading day. On the last trading day before the Labour Day holiday, downstream enterprises conducted sporadic restocking and maintained a wait-and-see attitude towards post-holiday consumption. Today's stockpiling demand was weaker than yesterday, and market trading activity cooled down somewhat.
