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Home / Metal News / Shanghai Spot Copper Price Movement on May 11

Shanghai Spot Copper Price Movement on May 11

iconMay 11, 2012 13:04
Offers for spot copper premiums were between positive RMB 20-80/mt in Shanghai in the morning business.

SHANGHAI, May 11 (SMM) – Offers for spot copper premiums were between positive RMB 20-80/mt in Shanghai in the morning business. Traded prices for standard-quality copper were between RMB 57,720-57,820/mt, and RMB 57,750-57,880/mt for high-quality copper. SHFE copper prices were volatile, but spot copper supply remained stable. Spot copper premiums fell gradually. Cargo-holders held divergent views towards volatile copper prices, while downstream producers were still wary of purchases, keeping market activity modest.
 

shanghai spot copper; Friday
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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