Home / Metal News / Copper / Shanghai Spot Copper Price Movement on Mar. 1
Shanghai Spot Copper Price Movement on Mar. 1
Mar 1,2012 13:07CST
smm insight
Source:SMM
Discounts on spot copper were reported between negative RMB 300-220/mt in Shanghai in Thursday’s morning business.

SHANGHAI, Mar. 1 (SMM) –Discounts on spot copper were reported between negative RMB 300-220/mt in Shanghai in Thursday’s morning business. Traded prices for standard-quality copper were between RMB 59,600-59,800/mt, and RMB 59,650-59,900/mt for high-quality copper. SHFE copper prices moved higher after a low open, boosting spot copper cargo-holder optimism towards future copper prices. Spot copper discounts fell significantly since supply decreased. Traders chose opportunities to enter the market, while downstream producers increased buying at low prices. As a consequence, market transactions improved some on the first trading day of March. 
 

Shanghai spot copper price movement

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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