SHANGHAI, Jun. 8 (SMM) – Spot copper premiums in Shanghai remained at RMB 50-90/mt to SHFE 1506 copper contract Tuesday. Traded prices were RMB 43,380-43,460/mt for standard-quality copper and RMB 43,400-43,490/mt for high-quality copper.
SHFE copper prices moved narrowly early Tuesday, and cargo holders in spot market mainly watched from the sidelines. Supply grew at midday, but the amount of imported copper was limited. Traders were not active in making deals and downstream buyers also only purchased as needed, leaving trades thin.