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SHFE Spot Copper Price Movement on Aug. 12
Aug 12,2011 13:20CST
smm insight
Source:SMM
Spot copper offers were quoted between discounts of negative RMB 80-40/mt today.

SHANGHAI, Aug. 12 (SMM) –Spot copper offers were quoted between discounts of negative RMB 80-40/mt today. Trade prices for standard-quality copper were between RMB 67,080-67,150/mt, and RMB 67,150-67,250/mt for high-quality copper. Due to a continuously slight rebound in SHFE copper prices, downstream producers increased purchases, while some speculators also made purchases in the morning session for high-quality copper given slight discounts, resulting in brisk market transactions.
 

SHFE copper price movement

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