Shanghai Spot Copper Price Movement on Feb. 9

SHANGHAI, Feb. 9 (SMM) –Shanghai spot copper discounts were reported between negative RMB 250-80/mt in the morning business. Traded prices for standard-quality copper were between RMB 60,250-60,700/mt, and RMB 60,350-60,850/mt for high-quality copper. As SHFE copper prices continued to rebound and fluctuated more severely, speculative activity was active. Downstream producers also became more willing to purchase, resulting in brisk market activity.