Metals News
Spot Copper Price Movement (2013-1-22)
smm insight
12:46PM
Jan 22,2013
Source:SMM

SHANGHAI, Jan. 22 (SMM) –Shanghai spot copper discounts were between negative RMB 120-240/mt in the morning business. Traded prices for standard-quality copper were between RMB 57,820-57,980/mt, and RMB 57,920-58,080/mt for high-quality copper. As SHFE copper marched higher after starting up, cargo-holders moved goods aggressively at highs, causing copper supply to increase. Copper discounts expanded all the way after both domestic and overseas copper futures prices accelerated rebounds. Traders chose opportunities to enter markets, while downstream producers also stepped up purchase volumes. Shanghai copper market activity improved notably as a consequence.
 

Shanghai spot copper
Shanghai copper discounts
Shanghai copper transaction
Shanghai copper supply
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