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Spot trades weakened before picking up
Apr 7,2021 13:53CST
SMM InsightData Analysis
Spot trades in Shanghai were subdued initially before improving last week. Sellers were liquidating aggressively early last week due to cash flow issues and large inflows of imported high-quality copper, lowering spot discounts from 70-60 yuan/mt to 120-100 yuan/mt in three days.
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