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Spot Copper Price Movement (2014-3-12)
Mar 12,2014 13:45CST
price review forecast
Source:SMM
In the Shanghai physical copper market, prices were offered at a discount of RMB 60/mt to a premium of RMB 40/mt on Wednesday.

SHANGHAI, Mar. 12 (SMM) – In the Shanghai physical copper market, prices were offered at a discount of RMB 60/mt to a premium of RMB 40/mt on Wednesday. Traded prices were RMB 44,240 -44,340/mt for standard-quality copper and RMB 44,320-44,440/mt for high-quality copper. After SHFE copper prices resumed trading in the wake of a plunge, spot copper began trading at a premium again. However, as hedged goods flowed into the physical copper market, spot premiums gradually narrowed, and some middlemen entered the market to purchase goods near the delivery time. Downstream producers refrained from buying raw material copper, while a number of domestic lead smelters were disinclined to trade in a wait-and-see attitude. The market was dominated by a bearish sentiment, with trading activity worse than Tuesday.
 

spot copper prices

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