Shanghai Spot Copper Price Movement on May 18-Shanghai Metals Market

Hot Keywords

  • Rare earth
  • Aluminium
  • Sales data
  • Customs data
  • Macroeconomics
  • Copper
  • Inventory data
  • MMi Iron Ore Port Index
  • precious metals
  • Futures movement
  • Zinc
  • Rare earths
  • Market commentary
  • Evening comments
  • Tin

Shanghai Spot Copper Price Movement on May 18

SMM Insight 01:32:49PM May 18, 2012 Source:SMM

SHANGHAI, May 18 (SMM) – Quotations for spot copper premiums were between positive RMB 200-250/mt in Shanghai in the morning business. Traded prices for standard-quality copper were between RMB 55,900-56,100/mt, and RMB 55,950-56,200/mt for high-quality copper. SHFE copper prices were volatile, but cargo-holders in spot markets stabilized their sale volumes and insisted on firm price quotes, still showing reluctance to move goods at the lows. Downstream producers stuck to the sidelines at prices above RMB 56,000/mt, but most transactions were made at above this price mark.

 

Key Words:  Shanghai spot copper  

Price

more
SMM #1 Nickel
Sep.23
138050.0
950.0
(0.69%)
#1 JinChuan Nickel
Sep.23
138150.0
900.0
(0.66%)
#1 Import Nickel
Sep.23
137950.0
1000.0
(0.73%)
JinChuan B&C
Sep.23
500.0
-250.0
(-33.33%)
Russian nickel premium
Sep.23
300.0
-200.0
(-40.00%)

Shanghai Spot Copper Price Movement on May 18

SMM Insight 01:32:49PM May 18, 2012 Source:SMM

SHANGHAI, May 18 (SMM) – Quotations for spot copper premiums were between positive RMB 200-250/mt in Shanghai in the morning business. Traded prices for standard-quality copper were between RMB 55,900-56,100/mt, and RMB 55,950-56,200/mt for high-quality copper. SHFE copper prices were volatile, but cargo-holders in spot markets stabilized their sale volumes and insisted on firm price quotes, still showing reluctance to move goods at the lows. Downstream producers stuck to the sidelines at prices above RMB 56,000/mt, but most transactions were made at above this price mark.

 

Key Words:  Shanghai spot copper