Shanghai Spot Copper Price Movement on Feb. 22-Shanghai Metals Market

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Shanghai Spot Copper Price Movement on Feb. 22

SMM Insight 01:15:12PM Feb 23, 2012 Source:SMM

SHANGHAI, Feb. 22 (SMM) –Spot copper discounts in Shanghai were quoted between negative RMB 480-380/mt in Thursday’s morning business. Traded prices for standard-quality copper were between RMB 59,300-59,400/mt, and RMB 59,350-59,450/mt for high-quality copper. SHFE copper prices fell, causing hedged copper to come into the market. Spot copper discounts prevailed as a result. Downstream buying interest failed to improve, while traders chose to purchase high-quality copper that can be delivered. Quotations for the Guixi Brand were extremely high, leaving overall market activity light. 
 

Price

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#1 Refined Cu
Apr.22
49450.0
20.0
(0.04%)
Yangshan Copper Premium(Bill of Lading)
Apr.22
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.22
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

Shanghai Spot Copper Price Movement on Feb. 22

SMM Insight 01:15:12PM Feb 23, 2012 Source:SMM

SHANGHAI, Feb. 22 (SMM) –Spot copper discounts in Shanghai were quoted between negative RMB 480-380/mt in Thursday’s morning business. Traded prices for standard-quality copper were between RMB 59,300-59,400/mt, and RMB 59,350-59,450/mt for high-quality copper. SHFE copper prices fell, causing hedged copper to come into the market. Spot copper discounts prevailed as a result. Downstream buying interest failed to improve, while traders chose to purchase high-quality copper that can be delivered. Quotations for the Guixi Brand were extremely high, leaving overall market activity light.