Spot Copper Price Movement (2013-6-24)-Shanghai Metals Market

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Spot Copper Price Movement (2013-6-24)

Price Review & Forecast 01:17:20PM Jun 24, 2013 Source:SMM

SHANGHAI, Jun. 24 (SMM) – Spot copper in Shanghai was offered at a premium of RMB 80-200/mt over SHFE 1307 copper contract prices on Monday. Traded prices for standard-quality copper were between RMB 49,500-49,620/mt, and RMB 49,550-49,700/mt for high-quality copper. SHFE 1310 copper contract drifted lower after a high opening, driving cargo holders to move goods at highs. Ample supply caused spot premium to narrow. Middlemen and downstream producers purchased only on an as-needed basis against liquidity crunch at the end of mid-year.
 

Price

more
1# Zinc
Oct.18
18810.0
-10.0
(-0.05%)
0# Zinc
Oct.18
18880.0
-10.0
(-0.05%)
T/C for domestic zinc concentrate
Oct.01
6325.0
0.0
(0.00%)
T/C for imported zinc concentrate
Oct.01
280.0
0.0
(0.00%)
Zinc Alloy (Zamak3/ZX01)
Oct.18
19780.0
-10.0
(-0.05%)

Spot Copper Price Movement (2013-6-24)

Price Review & Forecast 01:17:20PM Jun 24, 2013 Source:SMM

SHANGHAI, Jun. 24 (SMM) – Spot copper in Shanghai was offered at a premium of RMB 80-200/mt over SHFE 1307 copper contract prices on Monday. Traded prices for standard-quality copper were between RMB 49,500-49,620/mt, and RMB 49,550-49,700/mt for high-quality copper. SHFE 1310 copper contract drifted lower after a high opening, driving cargo holders to move goods at highs. Ample supply caused spot premium to narrow. Middlemen and downstream producers purchased only on an as-needed basis against liquidity crunch at the end of mid-year.