Metals News
Spot Copper Price Movement (2013-6-13)
price review forecast
Jun 13,2013

SHANGHAI, Jun. 13 (SMM) – Spot copper in Shanghai was offered at a premium of RMB 10-150/mt over SHFE 1306 copper contract prices on Thursday. Traded prices for standard-quality copper were between RMB 52,500-52,550/mt, and RMB 52,550-52,700/mt for high-quality copper. SHFE 1310 copper contract prices plummeted by close to 2%, creating opportunities for arbitrage. More imported copper flowed into the market due to the appreciable rebound in the SHFE/LME copper price ratio. This kept spot copper in abundant supply, sending premium all the way down. Middlemen held to a wait-and-see stance as the price gap between SHFE 1306 and SHFE 1307 copper contracts was RMB 200/mt. Downstream producers went bargain hunting following the three-day break. Imported standard-quality copper gained favor due to sharp slump in prices.

Shanghai spot copper prices
For queries, please contact Frank LIU at
For more information on how to access our research reports, please email
Related Price

No Data