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Copper prices rise amid weak demand, with low market trading activity [SMM spot copper in North China]
May 26, 2025, at 11:07 am
Today, spot #1 copper cathode in North China was trading at a discount of 140 yuan/mt to 40 yuan/mt against the front-month contract, with an average discount of 90 yuan/mt, unchanged from the previous trading day. The transaction prices ranged from 78,220 yuan/mt to 78,410 yuan/mt, with an average price of 78,315 yuan/mt, up 535 yuan/mt from the previous trading day.
SMM May 26 report:
Today, in North China, spot prices of #1 copper cathode against the front-month contract ranged from a discount of 140 yuan/mt to a discount of 40 yuan/mt, with an average discount of 90 yuan/mt, unchanged from the previous trading day. The transaction prices ranged from 78,220 to 78,410 yuan/mt, with an average price of 78,315 yuan/mt, up 535 yuan/mt from the previous trading day. Today, copper prices rose, while downstream demand performed poorly. However, inventory pressure for some suppliers has eased, and spot premiums/discounts have stabilized, with low market trading activity.
