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Shanghai Spot Copper Price Movement on Oct. 27
Oct 27,2011 14:54CST
smm insight
Source:SMM
Shanghai spot copper offers were quoted between premiums of positive RMB150-250/mt today.

SHANGHAI, Oct. 27 (SMM) –Shanghai spot copper offers were quoted between premiums of positive RMB150-250/mt today. Traded prices for standard-quality copper were between RMB 57,900-58,100/mt, and RMB 58,000-58,250/mt for high-quality copper. As SHFE copper prices felt weak to move higher and capital pressures before the month's end triggered market worries over a continuous copper price rebound, cargo-holders were eager to sell, bringing spot copper supply back into the sufficient situation. Downstream producers and speculators were wary of entering the market, keeping market activity quiet. 

 

Shanghai spot copper price movement

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