The local prices are expected to be released soon, stay tuned!
Got it
+86 021 5155-0306
Language:  

Spot Premiums/Discounts Fell to Low Levels After Delivery; Copper Prices Pulled Back as Downstream Maintains a Wait-and-See Sentiment [SMM North China Spot Copper]

  • Feb 18, 2025, at 3:22 am

SMM, February 18:

Today, spot copper in North China was quoted at a discount of 420-320 yuan/mt against the front-month contract, with an average discount of 370 yuan/mt, down 170 yuan/mt from the previous trading day. Transaction prices were 76,230-76,500 yuan/mt, with an average price of 76,365 yuan/mt, down 580 yuan/mt from the previous trading day. After the contract rollover, spot premiums/discounts declined due to the impact of the price spread between futures contracts, and some suppliers sold at low prices to liquidate inventory. Although copper prices pulled back, downstream sentiment remained cautious, and no significant recovery in consumption was observed.

》Subscribe to view SMM historical spot metal prices

  • Selected News
  • Copper
  • Wires-cables
Live chat via WhatsApp
Help us know your opinions in 1minutes.