Spot Copper Price Movement (2013-10-25)-Shanghai Metals Market

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Spot Copper Price Movement (2013-10-25)

Price Review & Forecast 01:08:09PM Oct 25, 2013 Source:SMM

SHANGHAI, Oct. 25 (SMM) – Spot copper in Shanghai was quoted at a contango of RMB 0-100/mt and a backwardation of RMB 0-10/mt over SHFE 1311 copper contract on Friday. Traded prices were RMB 51,780-51,840/mt for standard-quality copper, and RMB 51,820-51,920/mt for high-quality copper. Contango narrowed, especially for standard-quality copper. Backwardation was reported only for Guixi brand copper. Traders and downstream producers purchased modest amounts of goods at the bottom.
 

Price

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1# Zinc
May.24
20530.0
-160.0
(-0.77%)
0# Zinc
May.24
20600.0
-160.0
(-0.77%)
T/C for domestic zinc concentrate
Jun.01
6350.0
0.0
(0.00%)
T/C for imported zinc concentrate
Jun.01
240.0
0.0
(0.00%)
Zinc Alloy (Zamak3/ZX01)
May.24
21500.0
-160.0
(-0.74%)

Spot Copper Price Movement (2013-10-25)

Price Review & Forecast 01:08:09PM Oct 25, 2013 Source:SMM

SHANGHAI, Oct. 25 (SMM) – Spot copper in Shanghai was quoted at a contango of RMB 0-100/mt and a backwardation of RMB 0-10/mt over SHFE 1311 copper contract on Friday. Traded prices were RMB 51,780-51,840/mt for standard-quality copper, and RMB 51,820-51,920/mt for high-quality copper. Contango narrowed, especially for standard-quality copper. Backwardation was reported only for Guixi brand copper. Traders and downstream producers purchased modest amounts of goods at the bottom.