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Spot Copper Price Movement on Jul. 12
Jul 12,2012 11:59CST
smm insight
Source:SMM
Spot copper offers were between premiums of positive RMB 0-80/mt in Shanghai in the morning business, but actual market transactions were thus limited.

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.

 

Shanghai spot copper
China spot copper

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