Copper Prices Fluctuate as Downstream Adopts a Wait-and-See Attitude; Purchase Willingness Weakens Near Month-End [SMM North China Spot Copper]

Feb 26, 2025, at 3:37 am

SMM, February 26: Today, spot copper in North China was quoted at a discount of 350-290 yuan/mt against the front-month contract, with an average discount of 320 yuan/mt, unchanged from the previous trading day. Transaction prices were 76,640-76,860 yuan/mt, with an average price of 76,750 yuan/mt, up 20 yuan/mt from the previous trading day. SHFE copper rose during the morning session, while downstream buyers remained cautious. At the month-end period, purchasing enthusiasm was weak. However, some suppliers were optimistic about spot premiums and discounts after March and were in no hurry to sell. Market trading activity remained sluggish today, and spot premiums and discounts held steady. 》Subscribe to view historical SMM metal spot prices

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Copper Prices Fluctuate as Downstream Adopts a Wait-and-See Attitude; Purchase Willingness Weakens Near Month-End [SMM North China Spot Copper]

Tianjin Zinc: Futures Market Pulls Back, Trading Improves in Recent Two Days [SMM Midday Review]

1.88 yuan/W! Announcement of the Winning Candidate for the EPC General Contract of Guoneng Tongling 110MW Fishery-PV Complementary Project