Copper Prices in Shandong Spot Market to Bottom out and Rally
- เม.ย. 04, 2023, at 11:16 am
- SMM
Last week, spot discounts in Shandong remained at around 100 yuan/mt. Spot quotes moved down slightly from last Monday to Thursday. Some enterprises mainly sourced cargoes under long-term contracts, refraining from purchasing under small orders. Meanwhile, the copper prices rebounded to a high level, and the recovery of end-user consumption was slow, sidelining downstream processing enterprises.