Spot Copper Price Movement on Jun. 4-Shanghai Metals Market

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Spot Copper Price Movement on Jun. 4

SMM Insight 01:04:28PM Jun 04, 2012 Source:SMM

SHANGHAI, Jun. 4 (SMM) – Spot copper premiums were quoted between positive RMB 330-420/mt in Shanghai in the morning business. Traded prices for standard-quality copper were between RMB 54,250-54,400/mt, and RMB 54,300-54,450/mt for high-quality copper. SHFE copper prices tumbled by over 3.5%, so spot copper premiums moved higher. Cargo-holders were more willing to move goods, allowing market supply sufficient. Both traders and downstream producers chose to buy at prices near RMB 54,000/mt, leading to modest market transactions. 

 

Key Words:  Shanghai spot copper  

Price

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1# Silver ingots(99.99%)
May.24
3509.0
18.0
(0.52%)
2# Silver ingots(99.95%)
May.24
3494.0
18.0
(0.52%)
3# Silver ingots(99.90%)
May.24
3479.0
18.0
(0.52%)
Gold(99.99%)
May.24
288.8
2.3
(0.79%)
Gold(99.95%)
May.24
288.5
2.0
(0.70%)

Spot Copper Price Movement on Jun. 4

SMM Insight 01:04:28PM Jun 04, 2012 Source:SMM

SHANGHAI, Jun. 4 (SMM) – Spot copper premiums were quoted between positive RMB 330-420/mt in Shanghai in the morning business. Traded prices for standard-quality copper were between RMB 54,250-54,400/mt, and RMB 54,300-54,450/mt for high-quality copper. SHFE copper prices tumbled by over 3.5%, so spot copper premiums moved higher. Cargo-holders were more willing to move goods, allowing market supply sufficient. Both traders and downstream producers chose to buy at prices near RMB 54,000/mt, leading to modest market transactions. 

 

Key Words:  Shanghai spot copper