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Shanghai Spot Copper Price Movement on Nov. 29
Nov 29, 2011 13:07Source:SMM
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
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