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Shanghai Spot Copper Price Movement on Feb. 9
Feb 9,2012 13:09CST
smm insight
Source:SMM
Shanghai spot copper discounts were reported between negative RMB 250-80/mt in the morning business.

SHANGHAI, Feb. 9 (SMM) –Shanghai spot copper discounts were reported between negative RMB 250-80/mt in the morning business. Traded prices for standard-quality copper were between RMB 60,250-60,700/mt, and RMB 60,350-60,850/mt for high-quality copper. As SHFE copper prices continued to rebound and fluctuated more severely, speculative activity was active. Downstream producers also became more willing to purchase, resulting in brisk market activity. 
 

Shanghai spot copper price movement

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