Metals News
Spot Copper Price Movement (2012-12-13)
smm insight
01:20PM
Dec 13,2012
Source:SMM

SHANGHAI, Dec. 13 (SMM) – Shanghai spot copper offers were discounts of negative RMB 20/mt and premiums of positive RMB 70/mt in the morning business. Traded prices for standard-quality copper were between RMB 57,130-57,170/mt, and RMB 57,180-57,250/mt for high-quality copper. As SHFE copper prices moved down after starting higher, the price gap between SHFE 1212 and 1301 copper contract remained above RMB 300/mt. In this context, premiums for high-quality copper increased to nearly positive RMB 70/mt. Cargo-holders were still willing to move goods for cash, while downstream producers stepped up purchases at the lows, helping improve market activity.
 

Shanghai spot copper
Shanghai copper discounts
Shanghai copper transactions
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