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Spot Copper Price Movement (2013-4-25)
Apr 25, 2013 14:29Source:SMM
Spot copper in Shanghai was quoted at a premium of RMB 150-250/mt over SHFE 1305 copper contract on Thursday.
SHANGHAI, Apr. 25 (SMM) – Spot copper in Shanghai was quoted at a premium of RMB 150-250/mt over SHFE 1305 copper contract on Thursday. Traded prices for standard-quality copper were between RMB 51,400-51,850/mt, and RMB 51,450-52,000/mt for high-quality copper. SHFE 1308 copper contract rose after a high opening, leaving little room for arbitrage. Spot copper supply was stable, while downstream producers began to build up stocks for the upcoming Chinese May Day holiday. Cargo holders had more negotiation power over pricing.
Shanghai spot copper prices
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