Shanghai Spot Copper Price Movement on May 11-Shanghai Metals Market

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Shanghai Spot Copper Price Movement on May 11

SMM Insight 01:04:46PM May 11, 2012 Source:SMM

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.
 

Price

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1# Silver ingots(99.99%)
Sep.20
4354.0
45.0
(1.04%)
2# Silver ingots(99.95%)
Sep.20
4339.0
45.0
(1.05%)
3# Silver ingots(99.90%)
Sep.20
4324.0
45.0
(1.05%)
Gold(99.99%)
Sep.20
345.1
1.6
(0.46%)
Gold(99.95%)
Sep.20
345.1
1.9
(0.55%)

Shanghai Spot Copper Price Movement on May 11

SMM Insight 01:04:46PM May 11, 2012 Source:SMM

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.