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Home / Metal News / SHFE Spot Copper Price Movement on Friday

SHFE Spot Copper Price Movement on Friday

Jul 15, 2011 16:46

Source:SMM

Spot copper discounts in the SHFE market were between negative RMB 120-0/mt on Friday.

SHANGHAI, Jul. 15 (SMM) –Spot copper discounts in the SHFE market were between negative RMB 120-0/mt on Friday. Traded price for standard-quality copper were between RMB 71,550-71,600/mt, and RMB 71,600-71,700/mt for high-quality copper. Spot copper discounts decreased as copper prices in the SHFE market moved higher after a low open. Cargo-holders were mixed on the last trading day of current-month copper contracts. Brisk transactions were made between traders for hedge funds, while downstream producers continued to take a wait-and-see stance.

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