Metals News
[Cu] Summary - 2009/11/9 Spot Copper Market
smm insight
01:16PM
Dec 7,2009
Source:SMM

SHANGHAI, Nov. 9 (SMM) -- East China, traded prices were in the RMB 50,800-50,950/mt range in Shanghai region today. Copper prices fluctuated at high levels, and downstream consumers purchased on an as-needed basis, resulting in moderate trading sentiment. Traded prices were in the RMB 50,800-50,900/mt range in Shandong region. Copper prices moved at high levels, and downstream purchasing sentiment was mixed, leading to general transactions.

    South China, traded prices were in the RMB 50,800-50,950/mt range. Market supply remained tight, and purchasing interest was general, leaving lackluster trading sentiment.

    North China, traded prices were RMB 50,700-50,800/mt. The demand remained weak, and cargo movement was limited as well, resulting in sluggish market transactions. 

 

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