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Smelters in north China shipped cargoes to the south
Mar 31,2021 13:12CST
SMM Insight
Source:SMM
Spot discounts in Shanghai stabilised at 140-70 yuan/mt last week. Downstream buyers continued to restock at 65,500-66,500 yuan/mt, growing shipments from social warehouses. Standard-quality copper with large discounts were desirable for traders before the completion of long-term contracts, preventing spot discounts from narrowing despite sharp declines in SHFE copper prices.
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