SHANGHAI, Mar 8 (SMM) – The copper spot market in Shanghai was less active on Thursday March 7 than a day earlier with the red metal trading at a discount of 130-70 yuan/mt.
As the SHFE copper edged down today with resistance at the five-day moving average, spot prices faced pressure with reluctant buyers.
At noon, higher-grade copper traded at 51,720-51,800 yuan/mt, SMM learned.
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