Metals News
Spot Copper Price Movement (2013-1-18)
smm insight
01:05PM
Jan 18,2013
Source:SMM

SHANGHAI, Jan. 18 (SMM) –Shanghai spot copper discounts were between negative RMB 100-220/mt in the morning business. Traded prices for standard-quality copper were between RMB 57,580-57,640/mt, and RMB 57,650-57,720/mt for high-quality copper. As SHFE copper prices rebounded, some hedged copper was locked out of spot markets, helping copper discounts stabilize. Market players held divergence over future copper prices. Most cargo-holders chose to sell for cash ahead of the Chinese New Year holiday, while downstream producers still sourced to need at lows. Market deals thus were largely contributed by traders.
 

Shanghai spot copper
Shanghai copper discounts
Shanghai copper supply
Shanghai copper transactions
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