Copper Market in Shanghai Bonded Zone Virtually Stagnated under the Influence of Massive Covid Outbreak

Published: Mar 31, 2022 15:55

Source: SMM

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SHANGHAI, Mar 31 (SMM) - The copper market in Shanghai bonded zone remained quiet today under the influence of massive COVID outbreak in the city.

SHANGHAI, Mar 31 (SMM) - The copper market in Shanghai bonded zone remained quiet today under the influence of massive COVID outbreak in the city. The quotations were scarce, and still no buyer made any inquiry.

Cargoes under warrants were offered at a premium of $12-30/mt, flat from yesterday, and those under bill of lading were quoted at a premium of $15-29/mt, also unchanged from yesterday. Import losses were as high as 1,350 yuan/mt based on the SHFE 2205 copper contract.

Shanghai copper

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