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SHFE Spot Copper Price Movement on Aug. 3
Aug 3,2011 13:17CST
smm insight
Source:SMM
Spot copper discounts were quoted between negative RMB 250-150/mt today.

SHANGHAI, Aug. 3 (SMM) –Spot copper discounts were quoted between negative RMB 250-150/mt today. Trade prices for standard-quality copper were between RMB 71,600-71,700/mt, and RMB 71,650-71,850/mt for high-quality copper. Although SHFE copper prices moved higher after a low open, spot copper discounts were not seen to increase. Cargo-holders were slightly reluctant to move goods. More participants with optimistic outlooks entered into the market, and downstream producers continued to make purchases at low prices, improving market transactions. 
   


 

spot copper price movement

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