Spot Copper Price Movement (2013-10-29)-Shanghai Metals Market

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Spot Copper Price Movement (2013-10-29)

Price Review & Forecast 01:14:33PM Oct 29, 2013 Source:SMM

SHANGHAI, Oct. 29 (SMM) – Spot copper in Shanghai was quoted at a contango of RMB 0-120/mt over SHFE 1311 copper contract on Tuesday. Traded prices were RMB 51,350-51,500/mt for standard-quality copper, and RMB 51,400-51,650/mt for high-quality copper. SHFE copper moved lower after a low opening. Spot copper suppliers remained anxious to sell at contango. Traders continued to go bargain hunting. Downstream producers, expecting copper prices to fall, refrained from entering the market.
 

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#1 Refined Cu
May.20
47795.0
-105.0
(-0.22%)
Aluminum Ingot
May.20
14280.0
-60.0
(-0.42%)
#1 Lead
May.20
16150.0
-50.0
(-0.31%)
0# Zinc
May.20
21270.0
-180.0
(-0.84%)
#1 Tin Ingot
May.20
144750.0
-250.0
(-0.17%)

Spot Copper Price Movement (2013-10-29)

Price Review & Forecast 01:14:33PM Oct 29, 2013 Source:SMM

SHANGHAI, Oct. 29 (SMM) – Spot copper in Shanghai was quoted at a contango of RMB 0-120/mt over SHFE 1311 copper contract on Tuesday. Traded prices were RMB 51,350-51,500/mt for standard-quality copper, and RMB 51,400-51,650/mt for high-quality copper. SHFE copper moved lower after a low opening. Spot copper suppliers remained anxious to sell at contango. Traders continued to go bargain hunting. Downstream producers, expecting copper prices to fall, refrained from entering the market.