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No significant restocking activities were observed in the downstream market after the holiday, with mediocre trading performance [SMM spot copper in North China]
Jun 03, 2025, at 11:24 am
Today, spot prices of #1 copper cathode in North China were at a discount of 180 yuan/mt to 80 yuan/mt against the front-month contract, with an average discount of 130 yuan/mt, unchanged from the previous trading day. The transaction prices ranged from 77,970 yuan/mt to 78,220 yuan/mt, with an average price of 78,095 yuan/mt, up 160 yuan/mt from the previous trading day.
SMM May 30 Report:
Today, in North China, spot #1 copper cathode traded at a discount of 180 yuan/mt to 80 yuan/mt against the front-month contract, with an average discount of 130 yuan/mt, unchanged from the previous trading day. The transaction prices ranged from 77,970 yuan/mt to 78,220 yuan/mt, with an average price of 78,095 yuan/mt, up 160 yuan/mt from the previous trading day. After the holiday, due to weak end-use consumption and low operating rates among downstream enterprises during the holiday, there was no significant restocking demand post-holiday, resulting in mediocre market transactions.
