Home / Metal News / Aluminium / Spot Copper Price Movement (2014-7-11)
Spot Copper Price Movement (2014-7-11)
Jul 11,2014 13:52CST
price review forecast
Source:SMM
In the Shanghai physical market, copper was offered Friday between a RMB 100/mt discount and a RMB 40/mt premium over the SHFE 1407 copper contract.

SHANGHAI, Jul. 11 (SMM) – In the Shanghai physical market, copper was offered Friday between a RMB 100/mt discount and a RMB 40/mt premium over the SHFE 1407 copper contract. Traded prices were RMB 51,400-51,560/mt for standard-quality copper and RMB 51,450-51,650/mt for high-quality copper. As SHFE copper prices rebounded on Friday, the price gap between the SHFE 1407 and 1408 copper contracts expanded slightly to RMB 400/mt. Cargo holders initially intended to move goods at a premium seen on Thursday, but quoted prices as low as a RMB 50/mt discount by the midday. Supply remained sufficient in the market, with a variety of copper brands available. The price gap between high-quality and standard-quality copper narrowed some. Middlemen barely entered the market, and downstream producers only bought in small quantities, leaving trading activity mute on Friday.

physical copper prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn