Snapshot: Copper spot market in Shanghai

SHANGHAI, Mar 27 (SMM) – Spot copper in the Shanghai market saw more active trading as SHFE copper rebounded to around 49,500 yuan/mt today. Spot prices stood at a smaller discount of 200-130 yuan/mt. 

High-quality copper traded at 49,230-49,340 yuan/mt and standard quality copper traded at 49,200-49,300 yuan/mt with adequate supply.

With fewer supply sources, hydro-copper was also favoured by market participants. Prices of hydro-copper held firm at a discount of 270-230 yuan/mt.

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