North China Copper Cathode Prices Hold Steady Amid Market Rebound

Copper cathode prices in North China stabilized today despite a pullback in futures. The spot price for #1 copper cathode against the front-month contract remained steady, with premiums ranging from 50 yuan/mt to 250 yuan/mt, and an average premium of 150 yuan/mt.

The average transaction price was 106,870 yuan/mt, down 935 yuan/mt from yesterday. Suppliers' willingness to sell increased slightly, while downstream demand rebounded, contributing to a recovery in market activity.

Today's purchase sentiment for copper cathode in North China stood at 1.26, up 0.08 from the previous trading day, while shipment sentiment was 2.71, down 0.02 from yesterday.