Weak Downstream Demand Recovery Momentum, North China Premiums Slightly Recover [SMM North China Spot Copper]

Today, spot #1 copper cathode in North China against the front-month contract was quoted at premiums ranging from 40 yuan/mt to 150 yuan/mt, with the average premium at 95 yuan/mt, down 25 yuan/mt from the previous trading day; the average transaction price was 105,060 yuan/mt, down 320 yuan/mt from the previous trading day.

Source: Read Full Article