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Both supply and demand in the market are weak, and spot trades are sluggish [SMM spot copper in North China]
Jul 25, 2025, at 11:23 am
Today, spot #1 copper cathode in North China traded at a discount of 160 yuan/mt to 120 yuan/mt against the front-month contract, with an average discount of 140 yuan/mt, a decrease of 10 yuan/mt from the previous trading day. The transaction prices ranged from 79,090 yuan/mt to 79,280 yuan/mt, with an average price of 79,185 yuan/mt, a decrease of 335 yuan/mt from the previous trading day.
SMM reported on July 25:
Today, in North China, spot #1 copper cathode traded at a discount of 160 yuan/mt to 120 yuan/mt against the front-month contract, with an average discount of 140 yuan/mt, a decrease of 10 yuan/mt from the previous trading day. The transaction prices ranged from 79,090 yuan/mt to 79,280 yuan/mt, with an average price of 79,185 yuan/mt, a decrease of 335 yuan/mt from the previous trading day. At the month-end period, downstream demand was weak, and suppliers had already cleared their current inventory. As a result, spot trades were sluggish, and the spot market showed a state of weak supply and demand.
