SMM November 26 news:
Today, in North China, spot prices of #1 copper cathode against the front-month contract were at a discount of 210-150 yuan/mt, with an average discount of 180 yuan/mt, unchanged from the previous trading day. Transaction prices ranged from 86,310-86,480 yuan/mt, with an average of 86,395 yuan/mt, up 45 yuan/mt from the previous trading day. After copper prices rebounded, consumption demand showed weakness, and downstream funds were constrained as the month-end period approached. Trading activity in the spot market was sluggish today. In North China, the procurement sentiment for copper cathode was 1.43, down 0.09 from the previous trading day, while the sales sentiment was 2.35, down 0.09 from the previous trading day ().
