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Sellers show bigger discount for spot copper in Shanghai

iconDec 22, 2017 16:47
Source:SMM
Spot copper in Shanghai saw discounts go deeper since last Friday as sellers were keen to destock toward the year-end.

SHANGHAI, Dec 22 (SMM)- Spot copper in Shanghai saw discounts go deeper since last Friday as sellers were keen to destock toward the year-end.

Transactions, however, remained few and far between as downstream customers were unwilling to take move with SHFE copper climbing to 53,500 yuan/mt.

SMM expects the spot discount to be stable next week as the year draws to a close.


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