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SHFE Spot Copper Price Movement on Aug. 19
Aug 19,2011 13:16CST
smm insight
Source:SMM
Spot copper offers were quoted between premiums of positive RMB 150-250/mt today.

SHANGHAI, Aug. 19 (SMM) –Spot copper offers were quoted between premiums of positive RMB 150-250/mt today. Trade prices for standard-quality copper were between RMB 66,550-66,700/mt in the morning business, and RMB 66,600-66,800/mt for high-quality copper. SHFE copper prices weakly fluctuated after opening higher, but spot copper premiums failed to increase. Despite buying interest at the lows, concerns over declining copper prices and sell-off pressures were overshadowing markets, keeping market transactions cautious.

 

SHFE spot copper price movement

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