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MYMETAL: China’s copper prices down albeit lower stocks

Copper prices in China’s physical market largely declined over September 21-25 as the pessimism prevailing in the market imposed pressure on prices, despite a decline stocks, according to Mymetal’s weekly report.
China’s domestic price of 99.99% copper cathode declined by Yuan 1,402/tonne ($205.4/t) on week to Yuan 50,764/t including the 13% VAT as of September 25, Mymetal’s data showed. Over the same period, the most-traded copper contract on the Shanghai Futures Exchange (SHFE) for November also lost Yuan 960/t from the


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