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Spot Copper Price Movement on Oct. 9
Oct 9,2012 11:56CST
smm insight
Source:SMM
Spot copper discounts were negative RMB 50-180/mt in Shanghai in the morning business on October 9.

SHANGHAI, Oct. 9 (SMM) – Spot copper discounts were negative RMB 50-180/mt in Shanghai in the morning business. Traded prices for standard-quality copper were between RMB 59,250-59,350/mt, and RMB 59,350-59,500/mt for high-quality copper. SHFE copper prices rebounded considerably, so spot copper discounts widened. Cargo-holders of high-quality copper, though, insisted on firm prices, while cargo-holders of standard-quality copper expanded discounts to move goods, increasing their price spread. As fewer traders and downstream producers entered markets, market activity was not seen to improve noticeably.
 

Shanghai spot copper
Shanghai copper prices

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