SHANGHAI, Aug. 6 (SMM) -- East China, traded prices for spot copper were in the RMB 47,550-48,000/mt range in Shanghai region today, copper prices recovered in the afternoon, with limited transactions. The wait-and-see sentiment still dominated the market. Traded prices for spot copper were in the RMB 47,600-47,800/mt range in Shandong region. Different views existed in the market, and overall transactions were general.
South China, traded prices were in the RMB 47,600-48,000/mt range for spot copper. Cargo-holders were firm with their offers, and a wait-and-see attitude dominated downstream consumers. Some traders replenished stocks at lower prices, and transactions were moderate.
North China, traded prices were RMB 47,400-47,900/mt for spot copper. Rising SHFE copper prices stimulated the downstream purchasing interest in the afternoon, but traders remained reluctant to sell, so transactions remained weak.
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