SHANGHAI, Jul. 25 (SMM) – In the Shanghai physical market, copper was offered Friday at a RMB 60-180/mt discount over the SHFE 1408 copper contract. Traded prices were RMB 50,640-50,760/mt for standard-quality copper and RMB 50,680-50,860/mt for high-quality copper. The pullback in SHFE copper prices prompted cargo holders to ramp up deliveries for cash, driving up physical discounts. Some middlemen later entered the market to buy low-priced goods, with standard-quality copper gaining favor. Downstream producers, however, stayed out of the market since they considered current prices too high. Transactions were done mostly by middlemen ahead of the weekend.