SHANGHAI, Aug. 19 (SMM) – On Wednesday, spot copper settled RMB 0-40/mt higher than SHFE 1509 copper in Shanghai market. Standard-quality copper quoted RMB 38,640-38,740/mt, versus RMB 38,660-38,800/mt for high-quality copper.
Imported and high-quality copper accounted for a large amount in market and spot supply stayed sufficient. Spot copper at discounts were hard to source. Downstream buyers maintained purchase for immediate consumption. Consequently, deals were mainly made between trades on Wednesday.