SHANGHAI, June. 25 (SMM) – Spot copper was offered at a premium of RMB 220-250/mt over SHFE 1507 copper in Shanghai market on Thursday. Standard-quality copper settled between RMB 42,280-42,320/mt while high-quality copper traded between RMB 42,300-42,350/mt.
Traded prices for standard-quality copper and hydro-copper quoted as high as high-quality copper prices. This mainly resulted from the shortage in standard-quality copper and hydro-copper. Some traders sourced goods in the market. Downstream buyers purchased less than before owing to tight liquidity. Therefore, trades remained soft.