Sellers show bigger discount for spot copper in Shanghai

SHANGHAI, Dec 22 (SMM)－ Spot copper in Shanghai saw discounts go deeper since last Friday as sellers were keen to destock toward the year-end.

Transactions, however, remained few and far between as downstream customers were unwilling to take move with SHFE copper climbing to 53,500 yuan/mt.

SMM expects the spot discount to be stable next week as the year draws to a close.

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