As the SHFE 1805 contract began delivery this week, spot copper prices rose sharply due to arbitrage created by China’s tax cuts
price review forecast
The following table shows the movements of ferrous and nonferrous metals on the SHFE and DCE on Thursday April 19. 2018.
Spot copper in the Shanghai market was offered at a premium of 270-350 yuan/mt over the SHFE 1805 contract on Thursday April 19. This compared with a premium of 260-330 yuan/mt in the previous day
China will ban imports of 16 more scrap metal and chemical waste products from December 31, 2018, according to release by the Ministry of Ecology and Environment (MEE) on Wednesday April 19
Spot copper in the Shanghai market was offered at a premium of 300-350 yuan/mt on the morning of Thursday April 19, SMM learned.
SMM Morning Comments
Join us at SMM’s Asia Metals Seminar during LME Asia week, co-hosted with Hong Kong Exchanges and Clearing Limited (HKEX) and Bloomberg, on Tuesday May 15.
SMM Evening Comments
The following table shows the movements of ferrous and nonferrous metals on the SHFE and DCE on Wednesday April 18, 2018.
Steel mills in Wu’an city of Hebei province continued to see their operations restricted on environmental concerns, SMM learned.
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