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SHFE Spot Copper Price Movement on Sept. 1
Sep 1, 2011 15:00Source:SMM
Spot copper offers were quoted between discounts of negative RMB 200-100/mt today.
SHANGHAI, Sept. 1 (SMM) –Spot copper offers were quoted between discounts of negative RMB 200-100/mt today. Trade prices for standard-quality copper were between RMB 68,330-68,450/mt in the morning business, and RMB 68,400-68,520/mt for high-quality copper. SHFE copper prices continued to rebound, and imported copper increased significantly due to concentrated arrivals. Cargo-holders voluntarily expanded discounts, while traders mainly made purchases due to bullish sentiment in the short term and increased discounts for speculative activity.
spot copper price movement
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