SMM November 10:
In North China today, spot #1 copper cathode against the front-month contract was at a discount of 160-120 yuan/mt, with an average discount of 140 yuan/mt, unchanged from the previous trading day. Transaction prices ranged from 86,220-86,460 yuan/mt, with an average price of 86,340 yuan/mt, up 865 yuan/mt from the previous trading day. Copper prices rebounded above 86,000 yuan/mt today, downstream procurement sentiment was weak, and market trading activity cooled again. In North China today, procurement sentiment for copper cathode was 2.11, down 0.24 from the previous trading day, while sales sentiment was 1.81, down 0.04 from the previous trading day ().
