Spot Copper Price Movement (2013-6-7)-Shanghai Metals Market

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Spot Copper Price Movement (2013-6-7)

Price Review & Forecast 01:24:24PM Jun 07, 2013 Source:SMM

SHANGHAI, Jun. 7 (SMM) – Spot copper in Shanghai was offered at a discount of RMB 0-80 and premium of RMB 0-100/mt over SHFE 1306 copper contract prices on Friday. Traded prices for standard-quality copper were between RMB 53,400-53,550/mt, and RMB 53,500-53,700/mt for high-quality copper. SHFE 1310 copper contract prices inched down. Spot copper supply was plentiful and premium was stable. Some middlemen entered the market in the morning, but downstream producers continued to purchase based on orders. Market should turn quiet in the afternoon.  
 

Price

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SMM #1 Nickel
Oct.15
133850.0
-3200.0
(-2.33%)
#1 JinChuan Nickel
Oct.15
134050.0
-3100.0
(-2.26%)
#1 Import Nickel
Oct.15
133650.0
-3300.0
(-2.41%)
JinChuan B&C
Oct.15
2200.0
1550.0
(238.46%)
Russian nickel premium
Oct.15
1900.0
1450.0
(322.22%)

Spot Copper Price Movement (2013-6-7)

Price Review & Forecast 01:24:24PM Jun 07, 2013 Source:SMM

SHANGHAI, Jun. 7 (SMM) – Spot copper in Shanghai was offered at a discount of RMB 0-80 and premium of RMB 0-100/mt over SHFE 1306 copper contract prices on Friday. Traded prices for standard-quality copper were between RMB 53,400-53,550/mt, and RMB 53,500-53,700/mt for high-quality copper. SHFE 1310 copper contract prices inched down. Spot copper supply was plentiful and premium was stable. Some middlemen entered the market in the morning, but downstream producers continued to purchase based on orders. Market should turn quiet in the afternoon.