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.
Please sign in to continue reading the full article for free
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.