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
Dec.06
109000.0
1200.0
(1.11%)
#1 JinChuan Nickel
Dec.06
110950.0
1350.0
(1.23%)
#1 Import Nickel
Dec.06
107050.0
1050.0
(0.99%)
JinChuan B&C
Dec.06
8150.0
-400.0
(-4.68%)
Russian Nickel Premium
Dec.06
4250.0
-700.0
(-14.14%)

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.