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Home / Metal News / SHFE Copper Sees Contango Expand, Subdued Trades in Spot Markets

SHFE Copper Sees Contango Expand, Subdued Trades in Spot Markets

Feb 9, 2023 13:44

Source:SMM

The contango of SHFE copper contracts expanded to 150-120 yuan/mt on February 9.

Trades were lukewarm as sellers and buyers are at odds over spot quotes next week. Spot copper is expected to be quoted above SHFE copper next week.

SMM

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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SHFE Copper Sees Contango Expand, Subdued Trades in Spot Markets

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