Non-ferrous
PriceNewsPublicationDatabaseEventsConsultingNon-ferrous
Base metals
Minor metals
Precious metals
Scrap metals
Rare earth
News
Home / Metal News / / Physical Copper Trading Recovers as Downstream Producers Go Bargain-Hunting (Oct. 21, 2014)
Physical Copper Trading Recovers as Downstream Producers Go Bargain-Hunting (Oct. 21, 2014)
Oct 21,2014 13:21
CSTprice review forecast
Source:SMM
Physical copper in Shanghai was quoted Tuesday at a RMB 60-140/mt premium to the SHFE 1411 copper contract.
SHANGHAI, Oct. 21 (SMM) – Physical copper in Shanghai was quoted Tuesday at a RMB 60-140/mt premium to the SHFE 1411 copper contract. Traded prices were RMB 47,630-47,700/mt for standard-quality copper and RMB 47,660-47,750/mt for high-quality copper. As SHFE copper hovered in narrow ranges, cargo holders moved goods steadily, while some middlemen entered the market to buy at low prices. The price gap between standard- and high-quality copper narrowed to less than RMB 50/mt. Downstream producers went bargain-hunting on Tuesday, leaving trading activity better than Monday.
spot 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
Related news
Shanghai Spot Copper Offered at Discounts RMB 30-90/mt (Nov. 4, 2015)
In Shanghai, spot copper traded at discounts RMB 30-90/mt on Wednesday.
Nov 4, 2015 18:04CSTSMM Copper Market Daily Review (2015-10-28)
SHFE 1512 copper opened at RMB 39,300/mt for night trading Tuesday and closed up RMB 100/mt 0.26% or at RMB 39,190/mt.
Oct 29, 2015 09:05CSTSMM Copper Market Daily Review (2015-10-16)
SHFE 1512 copper lurched down to RMB 39,690/mt answering to crude oil prices and dollar after opening at RMB 39,990/mt Thursday evening.
Oct 19, 2015 09:29CSTSMM Copper Market Daily Review (2015-10-12)
SHFE copper stabilized around RMB 40,050/mt during Monday trading session and shot up to RMB 40,290/mt in the afternoon business.
Oct 13, 2015 09:47CSTSpot Copper Transactions Declined following a Rise in Shanghai (Sept. 17, 2015)
Spot copper premiums quoted at premiums of RMB 30-100/mt over SHFE 1510 copper in Shanghai on Thursday.
Sep 17, 2015 14:05CSTSMM Copper Market Daily Review (2015-9-15)
For night trading Monday, SHFE 1511 copper started lower at RMB 40,510/mt with LME copper falling below the 5 and 60-day moving averages overnight.
Sep 16, 2015 08:53CSTMOST POPULAR
data analysis
China Metals Market
Back to old version
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Copyright © 2020 SMM Information & Technology Co, Ltd. All rights reserved.