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SHFE Spot Copper Price Movement on Friday
Jul 1,2011 13:29CST
smm insight
Source:SMM

SHANGHAI, Jul. 1 (SMM) –Spot copper discounts were quoted between negative RMB 250-120/mt on Friday. Trade prices for standard-quality copper were between 69,700-69,800/mt, and RMB 69,750-69,950/mt for high-quality copper. SHFE copper prices continued to move higher after a high open. Copper discounts remained but slightly reduced as cash flow pressures were still available during the first trading day after the change of month, and since trading was still cautious at RMB 70,000/mt. Some traders’ buying interest increased due to large discounts for high-quality copper, improving market transactions compared to the previous two trading days.

 

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SHFE spot copper price movement

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