The SHFE/LME cash price ratio improved as the LME copper price declined sharply and SHFE failed to catch up with the falling margin over the past two weeks. However, most market insiders had little confidence and chose to wait and see whether the copper price declined any further before investing. Therefore, few deals closed in the first week of August. Spot premium quotations for imported cathode remained the same compared to the end of July.
展开▼