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SHFE Copper Pullback Hurts Trading in Shanghai Spot Market, SMM Says
Aug 18, 2017 14:47Source:SMM
Trading in Shanghai spot copper market was not as active as yesterday as the fallback in SHFE copper turned buyers cautious.
SHANGHAI, Aug. 18 (SMM) – Trading in Shanghai spot copper market was not as active as yesterday as the fallback in SHFE copper turned buyers cautious.
Downstream producers bought only as needed. Standard-quality copper traded between 50,450-50,530 yuan/tonne, while high-quality copper traded between 50,470-50,570 yuan/tonne. Spot discounts were 90-140 yuan/tonne over SHFE 1709 copper.
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