SHANGHAI, Mar 21 (SMM) - The closing price of SHFE copper contract at 11:30 March 20 was 72,710 yuan/ton, a decrease of 370 yuan/ton from the previous trading day. The average discount was 135 yuan/ton, which remained unchanged from the previous trading day. The price of copper scrap dropped by 400 yuan/ton on March 20. The price of bare bright copper in Guangdong was 66,000-66,200 yuan/ton, a decrease of 400 yuan/ton from the previous trading day. The price spread between copper cathode and copper scrap was 2,554 yuan/ton, which is an increase of 54 yuan/ton from the previous trading day. The price spread between copper rod produced with copper cathode and with copper scrap was 1,565 yuan/ton. According to SMM, various northern regions issued orange alerts for heavy pollution last Friday, and local copper rod plants using copper scrap as raw material reduced production and suspended production for 1-2 days. Copper rod plants using copper scrap as raw material in the north have resumed normal production this week.
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