Spot Copper Price Movement (2013-12-2)-Shanghai Metals Market

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Spot Copper Price Movement (2013-12-2)

Price Review & Forecast 01:59:54PM Dec 02, 2013 Source:SMM

SHANGHAI, Dec. 2 (SMM) – Spot copper in Shanghai was quoted at a premium of RMB 50-130/mt over SHFE 1312 copper contract on Monday. Traded prices were RMB 50,780-50,900/mt for standard-quality copper, and RMB 50,820-50,980/mt for high-quality copper. Cargo holders were not anxious to sell and raised offers slightly now that liquidity has increased at the beginning of the month. A few traders entered the market when there was room for arbitrage, while downstream producers bought only to order.
 

Price

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#1 Refined Cu
Apr.18
49600.0
40.0
(0.08%)
Yangshan Copper Premium(Bill of Lading)
Apr.18
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.18
50.5
-1.0
(-1.94%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.12
68.5
-0.5
(-0.72%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

Spot Copper Price Movement (2013-12-2)

Price Review & Forecast 01:59:54PM Dec 02, 2013 Source:SMM

SHANGHAI, Dec. 2 (SMM) – Spot copper in Shanghai was quoted at a premium of RMB 50-130/mt over SHFE 1312 copper contract on Monday. Traded prices were RMB 50,780-50,900/mt for standard-quality copper, and RMB 50,820-50,980/mt for high-quality copper. Cargo holders were not anxious to sell and raised offers slightly now that liquidity has increased at the beginning of the month. A few traders entered the market when there was room for arbitrage, while downstream producers bought only to order.