Spot Copper Price Movement on Jul. 12-Shanghai Metals Market

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Spot Copper Price Movement on Jul. 12

SMM Insight 11:59:23AM Jul 12, 2012 Source:SMM

SHANGHAI, Jul. 12 (SMM) – Spot copper offers were between premiums of positive RMB 0-80/mt in Shanghai in the morning business. Traded prices for standard-quality copper were between RMB 55,400-55,480/mt, and RMB 55,450-55,550/mt for high-quality copper. As SHFE copper prices laced momentum to rebound, high-quality copper cargo-holders kept prices sticky and tried to increase premium quotes, but the market response was tepid. Actual market transactions were thus limited.

 

Price

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SMM #1 Nickel
Aug.21
123800.0
-1150.0
(-0.92%)
#1 JinChuan Nickel
Aug.21
124450.0
-1100.0
(-0.88%)
#1 Import Nickel
Aug.21
123175.0
-1175.0
(-0.94%)
JinChuan B&C
Aug.21
1350.0
0.0
(0.00%)
Russian nickel premium
Aug.21
100.0
-25.0
(-20.00%)

Spot Copper Price Movement on Jul. 12

SMM Insight 11:59:23AM Jul 12, 2012 Source:SMM

SHANGHAI, Jul. 12 (SMM) – Spot copper offers were between premiums of positive RMB 0-80/mt in Shanghai in the morning business. Traded prices for standard-quality copper were between RMB 55,400-55,480/mt, and RMB 55,450-55,550/mt for high-quality copper. As SHFE copper prices laced momentum to rebound, high-quality copper cargo-holders kept prices sticky and tried to increase premium quotes, but the market response was tepid. Actual market transactions were thus limited.