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![Both supply and demand in the market are weak, and spot trades are sluggish [SMM spot copper in North China]](https://static.metal.com/price.metal.com/3.1.14/image/news-default.png)
Today, spot #1 copper cathode in North China traded at a discount of 160 yuan/mt to 120 yuan/mt against the front-month contract, with an average discount of 140 yuan/mt, a decrease of 10 yuan/mt from the previous trading day. The transaction prices ranged from 79,090 yuan/mt to 79,280 yuan/mt, with an average price of 79,185 yuan/mt, a decrease of 335 yuan/mt from the previous trading day.
[SMM spot copper] Looking ahead to next week, as the month-end approaches, the demand for capital repatriation will put pressure on spot premiums. Additionally, with copper prices remaining steadily above 79,000 yuan/mt, downstream purchase willingness is low. It is expected that there will still be downside room for spot premiums next week. However, the ongoing destocking has led to a decline in inventory, and the decline in premiums is expected to be limited.
Overseas lithium news this week (7.21-7.25) [SMM Weekly Overseas New Energy News]
China's Giant Dams Trigger "Frenzy" in Iron Ore Trading
China plans to build a mega dam in Tibet, reigniting hopes that Beijing will focus on steel-intensive projects to drive economic growth, amid market expectations of more stimulus measures in the coming weeks.
Under the contradiction of tight supply of waste lead-acid batteries and severe surplus in secondary lead production capacity, the high costs brought about by the firm prices of scrap batteries, coupled with weak downstream consumption, have led to prolonged losses for China's secondary lead smelters. The price of secondary refined lead often remains unchanged, while sentiment fluctuates first. Is there a way for enterprises to capture the market's "temperature" before "price fluctuations"?
