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Home / Metal News / Copper spot premiums in south China climb to 220-250 yuan/mt

Copper spot premiums in south China climb to 220-250 yuan/mt

Apr 12, 2018 10:52

Source:SMM

Copper spot premiums in the south China market climbed to 220-250 yuan/mt on Wednesday April 11 as sellers slowed down destocking

SHANGHAI, Apr 12 (SMM) – Copper spot premiums in the south China market climbed to 220-250 yuan/mt on Wednesday April 11 as sellers slowed down destocking, SMM learned. This compared with premiums of 150-180 yuan/mt on Tuesday April 10.

Supplies were tight in south China's copper spot market this week. Sellers were unwilling to let go cargos in anticipation of lower value-added tax from May 1.

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