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Spot Copper Price Movement (2013-3-20)
Mar 20,2013 16:35CST
smm insight
Source:SMM
Spot copper premiums were RMB 80-250/mt in Shanghai on Wednesday.

SHANGHAI, Mar. 20 (SMM) – Spot copper premiums were RMB 80-250/mt in Shanghai on Wednesday. Traded prices for standard-quality copper were between RMB 55,350-55,600/mt, and RMB 55,450-55,700/mt for high-quality copper. Prices of the most active SHFE copper contracts rose after a low opening today. Speculators bought at low prices in the morning and hiked spot copper premiums after SHFE copper prices went up. High-quality copper prices were RMB 100/mt higher than standard-quality copper due to high demand. Later, spot premiums fell as downstream producers were cautious about buying. Few transactions were completed at mid-day.
 

Shanghai spot copper prices

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