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Commodities

North China Copper Cathode Spot Prices Hold Steady Amid Widening Price Spread

Guavy AI Editorial Team
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Copper
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SMM reports that spot copper cathode in North China was quoted at a discount of 130-50 yuan/mt against the front-month contract, with an average discount of 90 yuan/mt. This is unchanged from the previous trading day.

The average transaction price was 109,165 yuan/mt, down 3,155 yuan/mt from the previous trading day.

Futures pulled back sharply, but downstream players largely stayed on the sidelines due to the wide price spread between futures contracts. Suppliers' willingness to sell edged up, and market activity recovered slightly.

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