SHANGHAI, Feb. 22 (SMM) –Spot copper discounts in Shanghai were quoted between negative RMB 480-380/mt in Thursday’s morning business. Traded prices for standard-quality copper were between RMB 59,300-59,400/mt, and RMB 59,350-59,450/mt for high-quality copper. SHFE copper prices fell, causing hedged copper to come into the market. Spot copper discounts prevailed as a result. Downstream buying interest failed to improve, while traders chose to purchase high-quality copper that can be delivered. Quotations for the Guixi Brand were extremely high, leaving overall market activity light.
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