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Home / Metal News / Spot Discounts in Shanghai Copper Market Expand (Feb. 9, 2015)

Spot Discounts in Shanghai Copper Market Expand (Feb. 9, 2015)

Feb 9, 2015 19:09

Source:SMM

Spot copper was quoted at discounts of RMB 10-100/mt to the SHFE 1502 copper contract in Shanghai on Monday.

SHANGHAI, Feb. 9 (SMM) – Spot copper was quoted at discounts of RMB 10-100/mt to the SHFE 1502 copper contract in Shanghai on Monday. Standard- and high-quality copper sold for RMB 41,160-41,280/mt and RMB 41,200-41,340/mt, respectively.

Cargo holders were eager to sell after SHFE copper prices fell, expanding spot discounts to RMB 50-100/mt at one time. Some downstream buyers completing stockpiling went bargain-hunting.

spot copper prices

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In Shanghai market, spot copper discounts decreased to RMB 10-80/mt against SHFE 1508 copper on Wednesday.

Aug 5, 2015 13:24

SMM Comments

[Cu Price] SMM Copper Market Daily Review (2015-7-27)

The most active contract moved in a narrow range of RMB 38,100-38,300/mt on Monday and dipped to RMB 37,940/mt due to China’s falling stocks, to close at RMB 37,980/mt.

Jul 28, 2015 09:48

SMM Comments

[Cu Price]Spot Copper Settles at near RMB 40,000/mt (Jul. 20, 2015)

SHFE copper slipped modestly. Cargo holders stepped their offers up in Shanghai on Monday, driving spot premiums up and then moving goods out.

Jul 20, 2015 14:26

SMM Comments

Spot Copper Offered at Premiums of RMB 30-90/mt in Shanghai (Jun. 1, 2015)

Spot copper was quoted at premiums of RMB 30-90/mt to SHFE 1506 copper contract in Shanghai Monday morning.

Jun 1, 2015 18:55

SMM Comments

SMM Copper Market Daily Review (2015-2-12)

The April-delivery copper fell rapidly to RMB 40,840/mt after opening on Thursday and hovered near RMB 40,930/mt in the morning.

Feb 13, 2015 09:36

SMM Comments

Spot Copper Discounts Expand in Shanghai on Sufficient Supply (Feb. 12, 2015)

Spot discounts in Shanghai market continued to widen to RMB 160-300/mt early Thursday.

Feb 12, 2015 18:22

SMM Comments

Spot Copper Offered at Discounts of RMB 100-220/mt in Shanghai (Feb. 11, 2015)

Spot discounts in Shanghai market expanded to RMB 100-180/mt early Wednesday.

Feb 11, 2015 18:18

SMM Comments

SMM Copper Market Daily Review (2015-2-9)

SHFE most-active copper contract opened at RMB 41,400/mt during night session last Friday, and climbed rapidly to RMB 41,600/mt.

Feb 10, 2015 09:51

SMM Comments

Spot Copper Remains in Surplus in Shanghai (Jan. 26, 2015)

Spot copper was quoted between a RMB 20/mt discount and a RMB 50/mt premium to the SHFE 1502 copper contract in Shanghai on Monday.

Jan 26, 2015 13:39

SMM Comments

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Spot Discounts in Shanghai Copper Market Expand (Feb. 9, 2015)

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