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Copper prices rise amid weak demand, with the market remaining sluggish [SMM Shanghai spot copper]
Jun 26, 2025, at 11:16 am
Today, spot #1 copper cathode in North China was trading at a discount of 180 yuan/mt to 120 yuan/mt against the front-month contract, with an average discount of 150 yuan/mt, up by 10 yuan/mt from the previous trading day. The transaction prices ranged from 78,600 yuan/mt to 78,850 yuan/mt, with an average price of 78,725 yuan/mt, up by 335 yuan/mt from the previous trading day.
SMM News on June 26:
Today, in North China, spot #1 copper cathode was trading at a discount of 180 yuan/mt to 120 yuan/mt against the front-month contract, with an average discount of 150 yuan/mt, up 10 yuan/mt from the previous trading day. The transaction prices ranged from 78,600 yuan/mt to 78,850 yuan/mt, with an average price of 78,725 yuan/mt, up 335 yuan/mt from the previous trading day. Due to the rise in copper prices, the already weak demand continued to be suppressed. Meanwhile, upstream suppliers faced no inventory pressure as they exported their supplies or shipped them to other regions. As a result, the spot market was sluggish.
