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
Jul.19
47660.0
880.0
(1.88%)
Standard-Grade Copper
Jul.19
47640.0
880.0
(1.88%)
High-Grade Copper
Jul.19
47690.0
885.0
(1.89%)
Guixi copper
Jul.19
47700.0
890.0
(1.90%)
Low-quality copper
Jul.19
47580.0
880.0
(1.88%)

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.