Metals News
[Cu] Summary - 2009/11/3 Spot Copper Market
smm insight
Dec 7,2009

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. 


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