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Suppliers' reluctance to budge on prices is growing stronger, and spot premiums/discounts have risen slightly [SMM spot copper in North China]

  • Jul 30, 2025, at 11:31 am
Today, spot #1 copper cathode in North China traded at a discount of 150 yuan/mt to 90 yuan/mt against the front-month contract, with an average discount of 120 yuan/mt, up 10 yuan/mt from the previous trading day. The transaction prices ranged from 78,920 yuan/mt to 79,080 yuan/mt, with an average price of 79,000 yuan/mt, up 215 yuan/mt from the previous trading day.

SMM reported on July 30:

Today, spot premiums/discounts for #1 copper cathode in North China against the front-month contract ranged from a discount of 150 yuan/mt to a discount of 90 yuan/mt, with an average discount of 120 yuan/mt, up 10 yuan/mt from the previous trading day. The transaction price ranged from 78,920 yuan/mt to 79,080 yuan/mt, with an average price of 79,000 yuan/mt, up 215 yuan/mt from the previous trading day. After upstream inventory was disposed of at the month-end period, the current inventory level is relatively low. Suppliers' reluctance to budge on prices has gradually strengthened, and spot premiums/discounts have risen slightly.

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