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

Prices of hot-rolled steel likely to trade rangebound in short term

SHANGHAI, Apr 12&nbsp;(SMM) &ndash; 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&nbsp;in south China&#39;s copper spot market&nbsp;this week. Sellers were unwilling to let go cargos in anticipation of lower value-added tax from May 1.

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