The price spread between futures contracts remains persistently weak, spot discounts continue to widen [SMM North China spot copper]

In North China, spot #1 copper cathode against the front-month contract was quoted at a discount range of 280-220 yuan/mt, averaging a discount of 255 yuan/mt, down 50 yuan/mt from the previous trading day; the average transaction price was 108,300 yuan/mt, up 640 yuan/mt from the previous trading day;