Metals News
[Cu] Summary - 2009/11/25 Spot Copper Market
smm insight
01:16PM
Dec 7,2009
Source:SMM

SHANGHAI, Nov. 25 (SMM) -- East China, traded prices were in the RMB 53,750-54,000/mt range in Shanghai region today. Cargo-holders remained unwilling to move goods, and spot discounts narrowed slightly. Downstream purchase interest was moderate, leaving general transactions. Traded prices were in the RMB 53,900-54,000/mt range in Shandong region. Market supply remained stable, but price fluctuations depressed downstream purchase interest, and trading sentiment weakened. 

    South China, traded prices were in the RMB 53,700-54,000/mt range. Cargo-holders held low inventories, and downstream producers held different views on market outlook due to current price fluctuations, leaving general transactions.

    North China, traded prices were RMB 53,650-53,850/mt. Downstream consumers were optimistic about price outlook, resulting in modest trading sentiment. 

 

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