SHANGHAI, Jun. 24 (SMM) –Spot premiums for refined copper in the SHFE market were positive RMB 100-250/mt on Friday. Traded prices for standard-quality copper were between RMB 68,550-68,650/mt, and RMB 68,600-68,700/mt for high-quality copper. SHFE copper prices moved higher after a high open, and spot copper supply was still ample. Cash flow pressures and expectations of interest rate hikes prompted cargo-holders to actively move goods. Rarely seen domestic copper also has recently come into the market. Downstream producers began making some purchases due to production needs at the weekend, helping SHFE copper prices increase further at the tail of trading. In this context, spot copper premiums fell again, with little trading made at high prices.  

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