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The decline in copper prices boosted downstream restocking sentiment, and market activity saw a certain degree of recovery [SMM spot copper in North China]
Jul 09, 2025, at 11:11 am
Today, spot #1 copper cathode in North China traded at a discount of 220 yuan/mt to 160 yuan/mt against the front-month contract, with an average discount of 190 yuan/mt, up 10 yuan/mt from the previous trading day. The transaction prices ranged from 78,800 yuan/mt to 79,060 yuan/mt, with an average price of 78,930 yuan/mt, down 580 yuan/mt from the previous trading day.
SMM News on July 9:
Today, spot #1 copper cathode in North China is trading at a discount of 220 yuan/mt to 160 yuan/mt against the front-month contract, with an average discount of 190 yuan/mt, up 10 yuan/mt from the previous trading day. The transaction price ranges from 78,800 yuan/mt to 79,060 yuan/mt, with an average price of 78,930 yuan/mt, down 580 yuan/mt from the previous trading day. Copper prices continue to pull back, boosting downstream restocking sentiment. However, the market is mainly executing long-term contracts at this period, though the activity of spot transactions has recovered to a certain extent.
