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

Feb 12, 2015 18:22

Source:SMM

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

SHANGHAI, Feb. 11 (SMM) – Spot discounts in Shanghai market continued to widen to RMB 160-300/mt early Thursday. Traded prices were RMB 40,720-40,840/mt for standard-quality copper and RMB 40,880-40,940/mt for high-quality copper.

Cargo holders eager to sell quoted at discounts of RMB 160-260/mt early, but ample supply caused discounts to expand. Goods deliveries were hindered as logistics companies stopped operation.

spot copper prices

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

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