Ample Supply amid the Semi-Annual Report Period, Downstream Caution Flattens Spot Discounts [SMM North China Spot Copper]

Today, spot #1 copper cathode in North China against the front-month contract was quoted at an average discount of 170 yuan/mt to 110 yuan/mt, with the average discount at 140 yuan/mt, unchanged from the previous trading day. The transaction prices averaged 102,310 yuan/mt, an increase of 875 yuan/mt from the previous trading day.