Shanghai Spot Copper Price Movement on May 8-Shanghai Metals Market

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Shanghai Spot Copper Price Movement on May 8

SMM Insight 01:05:57PM May 08, 2012 Source:SMM

SHANGHAI, May 8 (SMM) – Quotations for spot copper premiums were between positive RMB 40-80/mt in Shanghai in the morning business. Traded prices for standard-quality copper were between RMB 57,980-58,030/mt, and RMB 58,020-58,080/mt for high-quality copper. As SHFE copper prices rebounded marginally, increases in spot copper premiums were restricted. Some cargo-holders quoted firm prices as copper prices exhibited resilience. Spot copper supply remained stable, but market activity failed to improve.

 

Shanghai Spot Copper Price Movement on May 8

SMM Insight 01:05:57PM May 08, 2012 Source:SMM

SHANGHAI, May 8 (SMM) – Quotations for spot copper premiums were between positive RMB 40-80/mt in Shanghai in the morning business. Traded prices for standard-quality copper were between RMB 57,980-58,030/mt, and RMB 58,020-58,080/mt for high-quality copper. As SHFE copper prices rebounded marginally, increases in spot copper premiums were restricted. Some cargo-holders quoted firm prices as copper prices exhibited resilience. Spot copper supply remained stable, but market activity failed to improve.