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North China spot copper discounts rise to 120 yuan/mt amid weekend stockpiling

Spot #1 copper cathode prices in North China saw an uptick today, with average discounts reaching 120 yuan per metric ton, a rise of 20 yuan from yesterday. This increase is linked to a slight wave of stockpiling by downstream users, driven by limited supply and suggesting a tightening market.

BRIC Team
BRIC Team
Jul 3, 2026 · 1 min read · 1 views
North China spot copper discounts rise to 120 yuan/mt amid weekend stockpiling

Key Takeaways

  • •Spot #1 copper cathode prices in North China rose to an average of 102,015 yuan per metric ton, up 685 yuan from yesterday.
  • •The average discount for copper cathodes narrowed to 120 yuan per metric ton, reflecting a 20 yuan increase from the previous trading day.
  • •The purchasing sentiment index for copper cathode in North China increased to 2.45, a slight rise of 0.01 from the day before.
  • •A limited supply of spot cargoes has led suppliers to adopt firm pricing strategies in the tightening market.

Spot #1 copper cathode prices in North China climbed today. Average discounts quoted between 130 and 70 yuan per metric ton against front-month contract. Average discount ended at 120 yuan per metric ton,up 20 yuan from previous day. Transaction prices also rose,reaching 102,015 yuan per metric ton,685 yuan higher than yesterday.

Friday saw a light wave of stockpiling by downstream users. This sparked a slight recovery in purchasing sentiment. And with limited supply of spot cargoes, suppliers kept prices firm. Spot discounts narrowed,market tightening.

The purchasing sentiment index for copper cathode in North China hit 2.45 today . A small rise of 0.01 from day before. But shipment sentiment index held at 2.48,showing stable shipping conditions despite buying fluctuations…

#breaking#business

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