SHANGHAI, Apr 4 (SMM) – Transactions cooled in the spot market for copper in Shanghai on Wednesday April 4 as premiums were offered at 30-70 yuan/mt against the SHFE 1804 contract. This compared with a premium of 30-100 yuan/mt on Tuesday April 3.

Cargo holders made lower offers to cash in on the last trading day ahead of the Qingming Festival holiday, while traders bought on lower prices.

Standard-quality copper traded at 50,460-50,620 yuan/mt, while high-quality copper traded at 50,480-50,640 yuan/mt.

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