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Home / Metal News / Snapshot: Copper spot market in Shanghai

Snapshot: Copper spot market in Shanghai

Mar 27, 2018 15:14

Source: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.

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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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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