SHANGHAI, Jun. 23 (SMM) –Spot premiums for refined copper in the SHFE market were positive RMB 250-500/mt on Thursday. Traded prices for standard-quality copper were between RMB 68,200-68,450/mt, and RMB 68,250-68,500/mt for high-quality copper. Spot copper premiums fell rapidly as market supply was ample and cargo-holders were active in moving goods for cash generation, despite a low open in SHFE copper prices. Domestic copper supply was limited in the market, and downstream producers still made purchases on an as-needed basis, resulting in modest trading volumes.

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