Spot Copper Price Movement (2013-4-1)-Shanghai Metals Market

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Spot Copper Price Movement (2013-4-1)

SMM Insight 06:00:39PM Apr 01, 2013 Source:SMM

SHANGHAI, Apr. 1 (SMM) – Spot copper premiums RMB 100-220/mt in Shanghai on Monday. Traded prices for standard-quality copper were between RMB 54,380-54,480/mt, and RMB 54,460-54,570/mt for high-quality copper. The most active SHFE copper contract tumbled by RMB 1,000/mt, leading to a sharp increase in spot copper premiums. Downstream producers and middlemen were active in bargain hunting, allowing cargo holders to hold offers firm. The price spread between standard-quality copper and high-quality copper narrowed and trading was brisk.


 

Price

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1# Zinc
Oct.16
18930.0
-110.0
(-0.58%)
0# Zinc
Oct.16
19000.0
-110.0
(-0.58%)
T/C for domestic zinc concentrate
Oct.01
6325.0
0.0
(0.00%)
T/C for imported zinc concentrate
Oct.01
280.0
0.0
(0.00%)
Zinc Alloy (Zamak3/ZX01)
Oct.16
19900.0
-110.0
(-0.55%)

Spot Copper Price Movement (2013-4-1)

SMM Insight 06:00:39PM Apr 01, 2013 Source:SMM

SHANGHAI, Apr. 1 (SMM) – Spot copper premiums RMB 100-220/mt in Shanghai on Monday. Traded prices for standard-quality copper were between RMB 54,380-54,480/mt, and RMB 54,460-54,570/mt for high-quality copper. The most active SHFE copper contract tumbled by RMB 1,000/mt, leading to a sharp increase in spot copper premiums. Downstream producers and middlemen were active in bargain hunting, allowing cargo holders to hold offers firm. The price spread between standard-quality copper and high-quality copper narrowed and trading was brisk.