Spot Copper Price Movement (2013-4-18)-Shanghai Metals Market

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Spot Copper Price Movement (2013-4-18)

SMM Insight 02:01:40PM Apr 18, 2013 Source:SMM

SHANGHAI, Apr. 18 (SMM) – Spot copper in Shanghai was quoted at a discount of RMB 0-200/mt and premium of RMB 0-20/mt over SHFE 1305 copper contract on Thursday. Traded prices for standard-quality copper were between RMB 50,630-50,680/mt, and RMB 50,580-50,850/mt for high-quality copper. SHFE copper plummeted, triggering panic sentiment. Some middlemen went bargain hunting in the morning, but market turned quiet during the second trading session as downstream producers refused to enter the market out of strong bearishness. 
 

Spot Copper Price Movement (2013-4-18)

SMM Insight 02:01:40PM Apr 18, 2013 Source:SMM

SHANGHAI, Apr. 18 (SMM) – Spot copper in Shanghai was quoted at a discount of RMB 0-200/mt and premium of RMB 0-20/mt over SHFE 1305 copper contract on Thursday. Traded prices for standard-quality copper were between RMB 50,630-50,680/mt, and RMB 50,580-50,850/mt for high-quality copper. SHFE copper plummeted, triggering panic sentiment. Some middlemen went bargain hunting in the morning, but market turned quiet during the second trading session as downstream producers refused to enter the market out of strong bearishness.