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SHFE Spot Copper Price Movement on Friday
Jul 15,2011 16:46CST
smm insight
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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