SHANGHAI, Jun. 18 (SMM) – Spot copper quoted at premiums of RMB 200-220/mt to SHFE 1507 copper contract Thursday morning. Traded prices were RMB 42,240-42,520/mt for standard-quality copper and RMB 42,260-42,560/mt for high-quality copper.
Goods holders offered higher spot premiums after SHFE copper bounced back, and low-priced goods were soon consumed. Later, low selling interest left tight supply in the market. Dealers sourced goods actively and some downstream buyers also entered the market with prices leveling out, enlivening spot market.