SMM April 21 News:
Today, spot prices of #1 copper cathode against the front-month contract in North China ranged from a discount of 30 yuan/mt to a premium of 30 yuan/mt, with the average price at parity, up 50 yuan/mt from the previous trading day. Transaction prices were between 76,290 and 76,460 yuan/mt, with the average price at 76,375 yuan/mt, up 245 yuan/mt from the previous trading day. Spot premiums and discounts generally rose across the domestic market. Suppliers in North China tested the waters with premium offers, but market activity remained subdued, with downstream buyers mainly making just-in-time procurement.
