SMM December 11 News:
Today, in North China, spot prices of #1 copper cathode against the front-month contract were at a discount of 300-240 yuan/mt, with an average discount of 270 yuan/mt, unchanged from the previous trading day. Transaction prices ranged from 92,150-92,630 yuan/mt, with an average of 92,390 yuan/mt, up 990 yuan/mt from the previous trading day. As copper prices surged again, downstream buyers maintained a wait-and-see attitude with almost no willingness to negotiate, resulting in sparse transactions in the spot market. Today, procurement sentiment for copper cathode in North China was 1.01, unchanged from the previous trading day, while sales sentiment was 1.71, down 0.01 from the previous trading day ().
