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Traders stockpiling lifted spot copper premiums while copper futures rallied
May 18,2020 14:13CST
price review forecast
Source:SMM
Transactions were brisk in the early morning when high-grade copper was offered at premiums of 150 yuan/mt, against the SHFE June contract, and standard-grade copper was priced at premiums of 140 yuan/mt. The premiums climbed in the second trade session this morning, to 160-170 yuan/mt for high-quality copper and to 150 yuan/mt for standard-grade copper. Traders favoured lower-priced cargoes.
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