SMM November 19 News:
Today, in North China, spot prices of #1 copper cathode against the front-month contract were at a discount of 150-90 yuan/mt, with an average discount of 120 yuan/mt, down 10 yuan/mt from the previous trading day. Transaction prices ranged from 85,750 to 86,070 yuan/mt, with an average of 85,910 yuan/mt, up 85 yuan/mt from the previous trading day. As maintenance at an upstream smelter concluded, market supply began to normalize, putting spot premiums/discounts under pressure. Activity in the North China market is expected to gradually pick up. Today, purchasing sentiment for copper cathode in North China was 2.08, up 0.1 from the previous trading day, while selling sentiment was 2.12, up 0.37 from the previous trading day ().
