Subdued macro sentiment and elevated global inventory suppress copper prices

China's 1# refined copper spot price stood at Yuan 99,369/tonne on March 9, falling by Yuan 1,289/tonne compared with the previous trading day, primarily due to macro disturbances, according to Mysteel's assessment.

China's 1# refined copper spot price stood at Yuan 99,369/tonne on March 9, falling significantly by Yuan 1,289/tonne compared with the previous trading day, according to Mysteel's assessment. Specifically, spot prices in Shanghai ranged between Yuan 98,450-100,370/tonne, averaging at Yuan 99,350/tonne. The 1# refined copper average spot premium in