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Snapshot: Copper spot market in Shanghai

iconApr 3, 2018 14:33
Source:SMM
The copper spot market in Shanghai saw brisk transactions on Tuesday April 3 as premiums were offered at 30-100 yuan/mt against the SHFE 1804 contract

SHANGHAI, Apr 3 (SMM) – The copper spot market in Shanghai saw brisk transactions on Tuesday April 3 as premiums were offered at 30-100 yuan/mt against the SHFE 1804 contract. This compared with a discount of 110-40 yuan/mt on Monday April 2. Sellers took control of the market, while traders and downstream consumers were keen to stock for the Qingming Festival holiday, SMM learned.

Standard-quality copper traded at 50,350-50,670 yuan/mt, while high-quality copper traded at 50,370 -50,700 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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