Home / Metal News / Aluminium / SHFE Spot Copper Price Movement on Aug. 17
SHFE Spot Copper Price Movement on Aug. 17
Aug 17,2011 13:20CST
smm insight
Source:SMM
Spot copper offers were quoted between premiums of positive RMB 100-200/mt today.

SHANGHAI, Aug. 17 (SMM) –Spot copper offers were quoted between premiums of positive RMB 100-200/mt today. Trade prices for standard-quality copper were between RMB 66,900-67,000/mt, and RMB 67,000-67,150/mt for high-quality copper. Due to wild changes in SHFE copper prices, spot copper offers couldn’t follow the trends, making hedge trading impossible. Premiums from cargo-holders were firm. Downstream processors were the main market participants, but uncertainty in SHFE copper prices and future prices dampened the buying interest somewhat.
 

spot copper price movement

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn