Suppliers No Longer Dump Goods at Low Prices, Spot Premiums Center Surge Significantly [SMM North China Spot Copper]

Jan 02, 2025, at 11:29 am

SMM January 2 News: Today, spot copper in North China was quoted at a discount of 140 yuan/mt to 60 yuan/mt against the front-month contract, with an average discount of 100 yuan/mt, up by 270 yuan/mt from the previous trading day. Transaction prices ranged from 73,140 to 73,340 yuan/mt, with an average price of 73,240 yuan/mt, down by 200 yuan/mt from the previous trading day. On the first trading day of 2025, as upstream producers had passed the settlement period, there were no low-priced cargoes in the market. Spot premiums/discounts saw a significant rise in the center, but trading activity remained mediocre. 》Subscribe to view SMM historical spot metal prices

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At the beginning of the year, suppliers stopped dumping goods and stood firm on quotes, but downstream replenishment was not active. [SMM South China Spot Copper]

Suppliers No Longer Dump Goods at Low Prices, Spot Premiums Center Surge Significantly [SMM North China Spot Copper]

Tianjin Zinc: Market Supply Eases, Premiums Continue to Decline [SMM Midday Review]

At the beginning of the year, suppliers stopped dumping goods and stood firm on quotes, but downstream replenishment was not active. [SMM South China Spot Copper]