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Spot Copper Price Movement (2013-2-1)
Feb 1,2013 13:11CST
smm insight
Source:SMM
Shanghai spot copper discounts were quoted between negative RMB 130-250/mt in the morning business.

SHANGHAI, Feb. 1 (SMM) –Shanghai spot copper discounts were quoted between negative RMB 130-250/mt in the morning business. Traded prices for standard-quality copper were between RMB 58,520-58,600/mt, and RMB 58,620-58,700/mt for high-quality copper. As China’s official PMI came in softer than expected, SHFE copper prices fell slightly, which helped copper discounts shrank marginally. Cargo-holders continued moving goods, while downstream producers stepped up purchases following copper price drops. Market transactions thus improved but were still limited.
 

Shanghai spot copper
Shanghai copper discounts
Shanghai copper transactions
China PMI

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