Home / Metal News / Precious Metals / Shanghai Spot Copper Price Movement on Apr. 10
Shanghai Spot Copper Price Movement on Apr. 10
Apr 10,2012 12:04CST
smm insight
Source:SMM
Quotations for spot copper turned to premiums of RMB 0-60/mt in Shanghai in the morning business Tuesday.

SHANGHAI, Apr. 10 (SMM) –Quotations for spot copper turned to premiums of RMB 0-60/mt in Shanghai in the morning business Tuesday. Traded prices for standard-quality copper were between RMB 59,100-59,280/mt, and RMB 59,150-59,350/mt for high-quality copper. SHFE copper prices trended lower after a low open, helping spot copper offers hold above premiums of positive RMB 0/mt. Near the midday, China announced the latest copper import and export data slid from the previous month, sending SHFE current-month copper contract prices down towards RMB 59,000/mt. Traders and downstream producers in spot markets significantly increased purchases at lower price levels. 
 

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

MOST POPULAR
data analysis
data analysis
data analysis
data analysis
data analysis