SHFE Spot Copper Price Movement Report on Thursday -Shanghai Metals Market

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SHFE Spot Copper Price Movement Report on Thursday

SMM Insight 05:01:17PM Jun 16, 2011 Source:SMM

SHANGHAI, Jun. 16 (SMM) –Spot premiums for refined copper in the SHFE market were positive RMB 280-400/mt on Thursday. Traded prices for standard-quality copper were between RMB 69,050-69,150/mt, and RMB 69,100-69,200/mt for high-quality copper. Spot copper price offers returned to premiums again from cargo-holders, despite moving higher on the SHFE copper market after a low open, with prices stabilizing above RMB 69,000/mt. Supplies of domestic copper and imported copper were sufficient, but both traders and downstream consumers made limited purchases, resulting in low trading sentiment.  

 

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None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn


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SHFE Spot Copper Price Movement Report on Thursday

SMM Insight 05:01:17PM Jun 16, 2011 Source:SMM

SHANGHAI, Jun. 16 (SMM) –Spot premiums for refined copper in the SHFE market were positive RMB 280-400/mt on Thursday. Traded prices for standard-quality copper were between RMB 69,050-69,150/mt, and RMB 69,100-69,200/mt for high-quality copper. Spot copper price offers returned to premiums again from cargo-holders, despite moving higher on the SHFE copper market after a low open, with prices stabilizing above RMB 69,000/mt. Supplies of domestic copper and imported copper were sufficient, but both traders and downstream consumers made limited purchases, resulting in low trading sentiment.  

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn