SMM August 28 News:
In North China, spot #1 copper cathode against the front-month contract was at a discount of 100 yuan/mt to 40 yuan/mt today, averaging a discount of 70 yuan/mt, up 20 yuan/mt from the previous trading day. The transaction price ranged from 78,850 to 78,980 yuan/mt, with an average of 78,915 yuan/mt, down 370 yuan/mt from the previous trading day. After copper prices pulled back, spot premiums and discounts rose slightly, while the market still showed weak supply and demand. The purchasing sentiment for copper cathode in North China today was 1.82, up 0.07 from the previous trading day, and the selling sentiment was 1.82, down 0.03 from the previous trading day ().
