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Domestic spot market weakened before picking up on dip buyers
Apr 12,2021 11:37CST
SMM Insight
Source:SMM
Spot trades in Shanghai were subdued initially before improving last week as SHFE copper prices fluctuated at high levels. Trades were quiet in the two days following the Qingming Festival holidays due to sufficient pre-holiday stockpiling. Sellers refrained from lowering prices sharply, with spot discounts of around 20 yuan/mt.
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