SMM September 15:
Today, spot #1 copper cathode in North China was quoted at a discount of 190-150 yuan/mt against the front-month contract, with an average discount of 170 yuan/mt, down 10 yuan/mt from the previous trading day. Transaction prices were 80,560-80,820 yuan/mt, with an average of 80,690 yuan/mt, up 180 yuan/mt from the previous trading day. According to the SMM methodology, spot copper cathode in North China was quoted against the front-month contract today. On the contract rollover and delivery day, copper prices surged again, suppressing downstream demand, and trading activity in the spot market remained sluggish. Today, purchasing sentiment for copper cathode in North China was 1.35, down 0.09 from the previous trading day, while selling sentiment was 2.05, down 0.20 from the previous trading day ().
