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Shanghai Spot Copper Price Movement on Sept. 20
Sep 20,2011 13:20CST
smm insight
Source:SMM
Shanghai spot copper offers were quoted between premiums of positive RMB 0-100/mt today.

SHANGHAI, Sept. 20 (SMM) –Shanghai spot copper offers were quoted between premiums of positive RMB 0-100/mt today. Traded prices for standard-quality copper were between RMB 63,050-63,200/mt, and RMB 63,100-63,350/mt for high-quality copper. As SHFE copper prices continued to fall, spot copper prices were again down more than RMB 1,000/mt. Cargo-holders tried to hold premiums, but market supply remained ample. With bearish sentiment dominating the market, downstream producers and traders kept cautious towards purchases, dampening trading sentiment.  
 

Shanghai spot copper price movement

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