Shanghai Spot Copper Price Movement on Feb. 9

SMM Insight 01:09:38PM Feb 09, 2012 Source:SMM

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 on Feb. 9

SMM Insight 01:09:38PM Feb 09, 2012 Source:SMM

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.