Home / Metal News / Copper / Spot Copper Price Movement (2013-6-18)
Spot Copper Price Movement (2013-6-18)
Jun 18,2013 13:03CST
price review forecast
Source:SMM
Spot copper in Shanghai was offered at a premium of RMB 120-240/mt over SHFE 1307 copper contract prices on Tuesday.

SHANGHAI, Jun. 18 (SMM) – Spot copper in Shanghai was offered at a premium of RMB 120-240/mt over SHFE 1307 copper contract prices on Tuesday. Traded prices for standard-quality copper were between RMB 51,800-51,930/mt, and RMB 51,900-52,300/mt for high-quality copper. SHFE 1310 copper contract prices trended down after opening lower. Cargo holders held offers firm after SHFE 1307 copper contracts became the new current-month contract. Middlemen moved goods aggressively, but downstream producers largely held to a wait-and-see stance out of growing pessimism, keeping supply in surplus. The result was that premium was limited.
 

Shanghai spot copper prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn