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Copper prices surged while demand remained sluggish, and market transactions were sluggish. [SMM North China Spot Copper]
Mar 26, 2025, at 3:14 am
Today, in North China, spot prices of #1 copper cathode against the front-month contract were at a discount of 200-160 yuan/mt, with an average discount of 180 yuan/mt, unchanged from the previous trading day. The transaction price ranged from 82,200 to 82,790 yuan/mt, with an average of 82,495 yuan/mt, up 1,095 yuan/mt from the previous trading day.
SMM March 26 News:
Today, spot prices of #1 copper cathode in North China against the front-month contract were at a discount of 200-160 yuan/mt, with an average discount of 180 yuan/mt, unchanged from the previous trading day. Transaction prices ranged from 82,200 to 82,790 yuan/mt, with an average of 82,495 yuan/mt, up 1,095 yuan/mt from the previous trading day. Copper prices surged above 82,000 yuan/mt today, while demand remained sluggish. As month-end approaches, downstream funds face some resistance, and market transactions were sluggish.
