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Spot Copper Price Movement (2013-11-15)
Nov 15, 2013 12:57Source:SMM
Spot copper in Shanghai was quoted at a premium of RMB 50-150/mt over SHFE 1311 copper contract on Friday.
SHANGHAI, Nov. 15 (SMM) – Spot copper in Shanghai was quoted at a premium of RMB 50-150/mt over SHFE 1311 copper contract on Friday. Traded prices were RMB 50,820-50,920/mt for standard-quality copper, and RMB 50,880-51,000/mt for high-quality copper. Suppliers became anxious to sell, causing premium to narrow. Traders stayed out of the market since there was little room for arbitrage. Downstream producers watched from the sidelines.
Shanghai copper prices
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