Spot copper price rises to a new high in recent days

Date 12/6/2018 5:07:16 PM Source: SHMET

SHANGHAI, Dec 6 (SHMET) – Trades in domestic spot copper market were active on Thursday December 6.

High-quality copper price opened at over 300 yuan/mt and then grew to 400 yuan/mt, with some trades. Standard-quality copper and SX-EW copper prices were almost unchanged from the opening price.

Domestic spot copper prices rose to a new high in recent days as import losses narrowed. The exports weakened significantly due to a new low of LME backwardation and premium.

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