SMM May 19 report:
Today, in North China, spot #1 copper cathode traded at a discount of 20 yuan/mt to a premium of 80 yuan/mt against the front-month contract, with an average premium of 30 yuan/mt, unchanged from the previous trading day. The transaction prices ranged from 77,600 yuan/mt to 77,800 yuan/mt, with an average price of 77,700 yuan/mt, down 715 yuan/mt from the previous trading day. After the contract rollover, the center of copper prices weakened somewhat, while downstream demand recovered, restocking sentiment improved, and market trading activity increased.
