Short-term significant trading growth appears unlikely in China's copper market

Mysteel's survey covering 56 refined copper trading enterprises (including traders, smelters, and downstream fabricators) in China indicated that the daily spot transaction volume totaled 27,900 tonnes on March 5, falling by 4,700 tonnes or 14.56% compared with the previous trading day.

China's 1# refined copper spot price stood at Yuan 101,540/tonne on March 5, rising slightly by Yuan 147/tonne day on day, according to Mysteel's assessment. Specifically, spot prices in Shanghai ranged between Yuan 101,300-101,850/tonne, averaging at Yuan 101,525/tonne. The 1# refined copper average spot premium in Shanghai was Yuan