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MYMETAL: China copper prices recover on lower stocks

ABSTRACT

Copper prices in China’s physical market recovered after three weeks of declines during the June 22-29 period, according to the weekly report from Mymetal, Mysteel’s nonferrous metals market research arm. The continuous declines in stocks were supporting copper prices, market sources said.
As of June 29, the spot price of 99.99% grade copper cathode had surged by Yuan 1,256/tonne ($194/t) on week to Yuan 68,533/t including the 13% VAT, according to Mymetal’s assessment. As of the same day in London, the three-month buyer price of copper on the London Metal Exchange had

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