[Cu] Summary - 2009/8/6 Spot Copper Market-Shanghai Metals Market

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[Cu] Summary - 2009/8/6 Spot Copper Market

SMM Insight 01:16:23PM Dec 07, 2009 Source:SMM

SHANGHAI, Aug. 6 (SMM) -- East China, traded prices for spot copper were in the RMB 47,550-48,000/mt range in Shanghai region today, copper prices recovered in the afternoon, with limited transactions. The wait-and-see sentiment still dominated the market. Traded prices for spot copper were in the RMB 47,600-47,800/mt range in Shandong region. Different views existed in the market, and overall transactions were general.

    South China, traded prices were in the RMB 47,600-48,000/mt range for spot copper. Cargo-holders were firm with their offers, and a wait-and-see attitude dominated downstream consumers. Some traders replenished stocks at lower prices, and transactions were moderate.

    North China, traded prices were RMB 47,400-47,900/mt for spot copper. Rising SHFE copper prices stimulated the downstream purchasing interest in the afternoon, but traders remained reluctant to sell, so transactions remained weak.

 

Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040

[Cu] Summary - 2009/8/6 Spot Copper Market

SMM Insight 01:16:23PM Dec 07, 2009 Source:SMM

SHANGHAI, Aug. 6 (SMM) -- East China, traded prices for spot copper were in the RMB 47,550-48,000/mt range in Shanghai region today, copper prices recovered in the afternoon, with limited transactions. The wait-and-see sentiment still dominated the market. Traded prices for spot copper were in the RMB 47,600-47,800/mt range in Shandong region. Different views existed in the market, and overall transactions were general.

    South China, traded prices were in the RMB 47,600-48,000/mt range for spot copper. Cargo-holders were firm with their offers, and a wait-and-see attitude dominated downstream consumers. Some traders replenished stocks at lower prices, and transactions were moderate.

    North China, traded prices were RMB 47,400-47,900/mt for spot copper. Rising SHFE copper prices stimulated the downstream purchasing interest in the afternoon, but traders remained reluctant to sell, so transactions remained weak.

 

Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040