SHANGHAI, Apr. 21 (SMM) – Spot copper was offered at premiums of RMB 90-150/mt to SHFE 1505 copper contract early on Tuesday. Prices are RMB 43,600-43,660/mt for standard-quality copper and RMB 43,620-43,700/mt for high-quality copper.
Cargo holders continued to push up spot premiums. Most goods available in the market were high-quality copper, narrowing price spread between standard and high-quality copper. Transactions were few in the morning but increased near midday, with large traders entering market.