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Home / Metal News / Copper Discounts in China’s Physical Markets Expand (Oct. 14, 2015)

Copper Discounts in China’s Physical Markets Expand (Oct. 14, 2015)

iconOct 15, 2014 15:45
Physical copper in Shanghai was offered at discounts of RMB 100-200/mt to the SHFE 1410 copper contract on October 15.

SHANGHAI, Oct. 15 (SMM) – Physical copper in Shanghai was offered at discounts of RMB 100-200/mt to the SHFE 1410 copper contract on October 15. Traded prices were RMB 48,680-48,780/mt for standard-quality copper and RMB 48,750-48,850/mt for high-quality copper.

SHFE copper prices dropped on Wednesday, while the price gap between SHFE 1410 and 1411 copper contracts expanded. Cargo holders’ eagerness to sell widened copper discounts, but trading was still light as downstream buyers were unwilling to purchase before expiration of the October copper and expected only a slight premiums after the delivery day.
 

physical copper prices
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