Metals News
[Cu] Summary - 2009/11/3 Spot Copper Market
smm insight
01:16PM
Dec 7,2009
Source:SMM

SHANGHAI, Nov. 3 (SMM) -- East China, traded prices were in the RMB 50,450-50,700/mt range in Shanghai region today. Copper prices edged down in the afternoon, and spot discounts expanded as well. Spot consumption was weak, and transactions were slim. Traded prices were in the RMB 50,500-50,650/mt range in Shandong region. Copper prices fluctuated at high levels, restricting the downstream purchasing interest, and transactions were general as a result.

    South China, traded prices were in the RMB 50,500-50,800/mt range. Market supply was a little tight, and the rising prices dampened the purchasing interest, but overall trading sentiment was modest.

    North China, traded prices were RMB 50,400-50,600/mt. The price increase hampered downstream buying interest, and transactions slipped sharply, with lukewarm market sentiment. 

 

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

CBI China CBMB
copper Cu
Market movement
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related Price

No Data