Spot Copper Price Movement on May 29-Shanghai Metals Market

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Spot Copper Price Movement on May 29

SMM Insight 11:57:20AM May 29, 2012 Source:SMM

SHANGHAI, May 29 (SMM) – Spot copper premiums were quoted between positive RMB 140-200/mt in Shanghai in the morning business. Traded prices for standard-quality copper were between RMB 56,550-56,600/mt, and RMB 56,580-56,700/mt for high-quality copper. SHFE copper prices fluctuated and met resistance to rebound. Spot copper supply remained stable, with high-quality copper dominating the market. The price differential between standard and high-quality copper was still limited. Downstream producers and traders were still hesitant to buy. Coupled with cash flow problems, market transaction volumes were light.
 

Key Words:  Shanghai spot copper  

Price

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Aluminum Ingot
Sep.23
14310.0
30.0
(0.21%)
Aluminum Ingot - Fo Shan
Sep.23
14350.0
30.0
(0.21%)
Aluminum Ingot - Wu Xi
Sep.23
14320.0
40.0
(0.28%)
Aluminum Ingot - Hang Zhou
Sep.20
14305.0
15.0
(0.10%)
Aluminum Ingot - Chong Qing
Sep.23
14340.0
30.0
(0.21%)

Spot Copper Price Movement on May 29

SMM Insight 11:57:20AM May 29, 2012 Source:SMM

SHANGHAI, May 29 (SMM) – Spot copper premiums were quoted between positive RMB 140-200/mt in Shanghai in the morning business. Traded prices for standard-quality copper were between RMB 56,550-56,600/mt, and RMB 56,580-56,700/mt for high-quality copper. SHFE copper prices fluctuated and met resistance to rebound. Spot copper supply remained stable, with high-quality copper dominating the market. The price differential between standard and high-quality copper was still limited. Downstream producers and traders were still hesitant to buy. Coupled with cash flow problems, market transaction volumes were light.
 

Key Words:  Shanghai spot copper