Home / Metal News / Shanghai Spot Copper Price Movement on Jan. 11

Shanghai Spot Copper Price Movement on Jan. 11

iconJan 11, 2012 13:32
Source:SMM
Shanghai spot copper offers were quoted between discounts of negative RMB 200-80/mt in the morning business.

SHANGHAI, Jan. 11 (SMM) –Shanghai spot copper offers were quoted between discounts of negative RMB 200-80/mt in the morning business. Traded prices for standard-quality copper were between RMB 55,700-55,850/mt, and RMB 55,750-55,950/mt for high-quality copper. SHFE copper prices moved higher after a high open, but spot copper supply decreased since cargo-holders became less willing to move goods at large discounts. Downstream producers lacked buying interest near the RMB 56,000/mt level, causing market transactions to become weak.

 

Shanghai spot copper price movement

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SMM Events & Webinars

All