Home / Metal News / Copper / Shanghai Spot Copper Price Movement on Nov. 10
Shanghai Spot Copper Price Movement on Nov. 10
Nov 10,2011 13:09CST
smm insight
Source:SMM
Shanghai spot copper offers were quoted between premiums of positive RMB 100-200/mt today.

SHANGHAI, Nov. 10 (SMM) –Shanghai spot copper offers were quoted between premiums of positive RMB 100-200/mt today. Traded prices for standard-quality copper were between RMB 55,750-56,000/mt, and RMB 55,850-56,150/mt for high-quality copper. As SHFE copper prices slumped by more than 6% and fell by their daily limit in the session, spot copper premiums expanded. Cargo-holders of hedged copper were eager to move goods, with low-quality copper dominating the market. Traders’ purchasing interest was dampened by high spot copper premiums, while downstream producers slightly increased purchases, which helped promote market transactions. 
 

Shanghai 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