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Home / Metal News / SHFE Spot Copper Price Movement Report on Thursday

SHFE Spot Copper Price Movement Report on Thursday

iconJun 16, 2011 17:01
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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spot copper price movement

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