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As the delivery date approaches, the market atmosphere remains quiet [Shanghai spot copper from SMM]
Jul 14, 2025, at 11:07 am
Today, spot #1 copper cathode in North China traded at a discount of 250 yuan/mt to 170 yuan/mt against the front-month contract, with an average discount of 210 yuan/mt, unchanged from the previous trading day. The transaction prices ranged from 78,180 yuan/mt to 78,350 yuan/mt, with an average price of 78,265 yuan/mt, down 270 yuan/mt from the previous trading day.
SMM News on July 14:
Today, in North China, spot #1 copper cathode is trading at a discount of 250 yuan/mt to 170 yuan/mt against the front-month contract, with an average discount of 210 yuan/mt, unchanged from the previous trading day. The transaction price ranges from 78,180 yuan/mt to 78,350 yuan/mt, with an average price of 78,265 yuan/mt, down 270 yuan/mt from the previous trading day. Weak consumption has led to limited downstream restocking demand. As the contract rollover approaches, the market is quiet today, with low trading activity.
