Spot Premiums Stay at RMB 50-90/mt in Shanghai Copper Market (Jun. 10, 2015)

SHANGHAI, Jun. 8 (SMM) – Spot copper premiums in Shanghai were still at RMB 50-90/mt to SHFE 1506 copper contract Wednesday. Traded prices were RMB 43,500-43,560/mt for standard-quality copper and RMB 43,520-43,590/mt for high-quality copper.

Trades remained light in spot copper market, and standard-quality copper and hydro-copper still gained more popularity, narrowing their price gap with high-quality copper. Downstream buyers were unwilling to build additional stocks.