Copper consumption remains weak with high price

Date 11/9/2018 5:33:51 PM Source: SHMET

Overall copper price stood high with solid support from traders. Resources with lower price were relatively popular since traders lacked of interest in high price purchasing. High-quality copper was offered at a premium of 70 yuan/mt in the morning and edged lower to premium 60 yuan/mt near noon. The market was in tight state of equilibrium.

Despite of thin trades, copper price remained high in China. Consumption off-season is nearing, while boost from infrastructure construction is far from being mature.

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