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Home / Metal News / Shanghai Spot Copper Price Movement on Nov. 29

Shanghai Spot Copper Price Movement on Nov. 29

iconNov 29, 2011 13:07
Shanghai spot copper offers were quoted between premiums of positive RMB 450-600/mt today.

SHANGHAI, Nov. 29 (SMM) –Shanghai spot copper offers were quoted between premiums of positive RMB 450-600/mt today. Traded prices for standard-quality copper were between RMB 56,450-56,650/mt, and RMB 56,860-56,750/mt for high-quality copper. As SHFE copper prices fell after a low open and since the month’s end approaches, copper supply improved, but copper premiums stayed unchanged from the prior day. Market transactions were also restricted by cash flow problems.
 

Shanghai spot copper price movement
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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