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Producers' willingness to sell increases, market trading activity heats up [SMM spot copper in North China]
Jun 09, 2025, at 11:15 am
Today, spot #1 copper cathode in North China traded at a discount of 200 yuan/mt to 140 yuan/mt against the front-month contract, with an average discount of 170 yuan/mt, up 10 yuan/mt from the previous trading day. The transaction prices ranged from 78,520 yuan/mt to 78,720 yuan/mt, with an average price of 78,620 yuan/mt, unchanged from the previous trading day.
SMM, June 9:
Today, spot #1 copper cathode in North China traded at a discount of 200 yuan/mt to 140 yuan/mt against the front-month contract, with an average discount of 170 yuan/mt. This represents an increase of 10 yuan/mt from the previous trading day. The transaction prices ranged from 78,520 yuan/mt to 78,720 yuan/mt, with an average price of 78,620 yuan/mt, unchanged from the previous trading day. According to SMM, due to tight railway logistics capacity in the region, the southbound supply has been hindered. Some producers, facing inventory pressure, have been forced to sell locally, leading to increased market activity WoW.
